Tag Mining Industry

Vedanta Ltd
Vedanta Ltd: Stock Performance, Growth Plans, and Market Challenges in 2025

Business and Industry Overview:  

Vedanta Ltd. is a big company that works with natural resources. It is involved in metals, mining, oil and gas, power, semiconductors, and glass. The company has businesses in India, South Africa, Namibia, and Liberia. It makes important materials like aluminium, zinc, iron, steel, copper, lead, silver, and ferro alloys. These materials are used in buildings, machines, electronics, and transport. Vedanta also produces oil and gas, which are needed for energy. It also makes electricity for factories and businesses. 

Vedanta wants to keep costs low and work more efficiently. It uses new technology to improve its work and reduce waste. The company follows good business rules to ensure fair and honest work. It invests in better machines and smarter ways to increase profits. Even though Vedanta earns good money, it also has a lot of debt, which is a problem. 

To solve this, Vedanta is planning to split into smaller companies. This will help each business grow better. The company is also working on green energy to reduce pollution and protect nature. Since Vedanta provides important raw materials, it helps India grow and become self-reliant. Many industries need these materials to build things, make products, and produce energy. 

Latest Stock News: 

Vedanta Ltd’s stock price has gone down. On April 3, 2025, the stock fell by 4% on the BSE. In the last five days, it has dropped by 7%. This happened because Vedanta delayed its demerger plan. The company wanted to split into smaller companies by March 31, 2025. But now, it has pushed the date to September 30, 2025. The delay is because the government has not yet approved. Vedanta Limited asked its shareholders to vote on an important decision. This voting was done online through e-voting instead of a physical meeting. 

The company wanted approval to appoint Mr. Rajarangamani Gopalan as an Independent Director for two years (from February 5, 2025, to February 4, 2027). 

An expert, Mr. Upendra C. Shukla, was chosen to check and manage the voting process. The voting ended on April 2, 2025. The shareholders agreed with the decision, and the appointment was approved. The company has shared the results and the official report on its website. The results are also available at the company’s office and on the website of KFin Technologies Limited, which handled the e-voting. 

Vedanta’s stock was ₹527 per share on December 16, 2024. But now, it has fallen by 16%. On April 3, it was ₹440.9 per share. The company is worth ₹1,72,409.01 crore. Many people are buying and selling the stock. On April 3, trading was 1.38 times more than usual. On April 1, it was 1.22 times more. Vedanta wants to expand its business. It is looking for global partners. The company plans to invest $20 billion. It will spend $2 to $2.5 billion to grow Hindustan Zinc. Other metal companies like JSW Steel are also struggling. This is because of new U.S. trade rules. The U.S. may put more taxes on metal imports. This can reduce demand and hurt Vedanta’s business. 

Potentials: 

Vedanta will invest $20 billion in India over four years. It will focus on technology, electronics, and glass production. The company wants to build a semiconductor plant in Gujarat. It already has land for the project. Now, it is looking for a strong and reliable partner. Semiconductors are used in smartphones, laptops, and other electronics. Right now, India imports most of them. Vedanta wants to make India self-sufficient in this field. 

Vedanta also plans to make glass in India. Glass is used in smartphone and laptop screens. The company already makes glass in other countries. Now, it wants to set up production in India. This will reduce imports and boost India’s economy.Vedanta may sell its steel business. However, it will only sell if it gets a good price. If the price is low, it will continue running the business. The steel business is profitable and has a strong team. Vedanta has $12 billion in debt. The company says the debt is under control. It has never missed a loan payment. It believes that every big business needs large investments. Anil Agarwal, the chairman of Vedanta, wants to help Bihar grow. He says Bihar has a lot of potential. But government policies need to support businesses. Vedanta is also helping villages through Nand Ghar centers. These centers help children and women. Right now, there are 6,000 centers in India. The company will increase them to 25,000 in two years. This will help 7 crore children and 2 crore women. The centers provide food, education, and healthcare. Vedanta is thinking about investing in entertainment. But it has no fixed plan yet. The company believes entertainment should promote good cultural values. Vedanta’s plans will help India grow. It will reduce imports and create jobs. It will also support rural communities. 

Analyst Insights: 

  • Market capitalization: ₹ 1,72,013 Cr. 
  • Current Price: ₹ 440 
  • 52-Week High/Low: ₹ 527 / 302 
  • P/E Ratio: 14.5 
  • Dividend Yield: 9.90%
  • Return on Capital Employed (ROCE): 20.9%
  • Return on Equity (ROE): 10.5%

Vedanta made good profits in Q3 FY25. The company’s total sales went up by 10.06% from last year. It earned ₹34,968 crore in sales. The net profit increased by 76.20% to ₹3,471 crore. This means the company made much more money compared to last year. The EBITDA margin is 28%, which shows that the company is keeping a good part of its earnings as profit. 

It is one of the biggest metal companies in India. It controls 46% of the aluminum market. It also works in zinc, oil & gas, and power. This helps the company because it does not depend on just one business. The demand for metals is increasing in India and around the world. This is good for Vedanta. It also gives high dividends to its investors. The dividend yield is 9.90%. This means people who hold this stock get good extra income. Vedanta has very high debt of ₹87,706 crore. This is a big problem. If the company cannot manage its debt, it may face trouble. Another issue is that promoters have pledged all their shares. This means they have used all their shares to get loans. This is risky. Also, promoters’ shareholding has fallen by 13.3% in the last three years. This is not a good sign because it shows that owners are selling or losing control over the company. Vedanta is a strong company with good profits. But it has too much debt and promoter problems. Investors should not buy at a high price. It is better to wait for the price to fall before buying. Also, keep an eye on the company’s debt and what the promoters are doing. 

Hindustan Copper
Hindustan Copper Q3 Results: Net Profit Drops to ₹62.9 Crore, Revenue Declines 16% YoY

Business and Industry Overview: 

Hindustan Copper Ltd. is a central public sector undertaking under the ownership of the Ministry of Mines, Government of India. It was incorporated on 9th November 1967 under the Companies Act., 1956. It was established as a Govt. of India Enterprise to take over all plants, projects, schemes, and studies about the exploration and exploitation of copper deposits from National Mineral Development Corporation Ltd. It is the only company in India engaged in the mining of copper ore and owns all the operating mining leases of copper ore. It is also the only integrated producer of refined copper (vertically integrated company). 

The Company has the facility for the production & marketing of copper concentrate, copper cathodes, continuous cast copper rods, and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate, and sulphuric acid. Presently, the company is focusing on mining & beneficiation operations and is primarily selling copper concentrate as the main product. HCL’s mines and plants are spread across five operating Units, in Rajasthan, Madhya Pradesh, Jharkhand, Maharashtra, and ujarat These are : Malanjkhandd Copper Project (MCP) at Malanjkhand, Madhya Pradesh, Khetri Copper Complex (KCC) at Khetrinagar, Rajasthan, Indian Copper Complex (ICC) at Ghatsila, Jharkhand, Taloja Copper Project (TCP) at Taloja, Maharashtra & Gujarat Copper Project (GCP) at Jhagadia, Gujarat.  

Hindustan Copper Limited (HCL) was the sole producer of refined copper till 1995 and the focus was on vertical integration so that the entire quantity of ore produced in its mines was converted into copper cathode and ultimately, wire rod. After the economy’s liberalization, the industry’s copper segment has transformed significantly. Currently, three major players dominate the Indian copper industry. Hindustan Copper Limited (HCL) in the Public Sector, Hindalco Industries Ltd, and Vedanta in the private sector.  

HCL is the only producer of copper ore in the country. Copper ore production of HCL during the last few years is in the range of 4.0 million tonnes per annum (Mtpa) which is equivalent to 4.5% of the country’s requirement in terms of copper metal. HCL owns all the operating mining leases in the country, mine expansion is underway, and significant mining capacity expansion is to be achieved from 4.0 Mtpa to 12.2 Mtpa in Phase I by FY 2028-29 and thereafter from 12.2 

Latest Stock News: 

As per the Q3 results. Net profit of the company falls marginally to ₹62.9 crore, and revenue is down 16% YoY. Total income fell nearly 16% to ₹343.57 crore compared to ₹409.24 crore in the previous year. Meanwhile, the PSU’s EBITDA margin improved by 612 bps in the latest quarter. The revenue for the quarter under review stood at Rs 328 crore, against Rs 399 crore in Q3FY24. EBITDA for the quarter stood at Rs 108 crore, up 0.9% against Rs 107 crore achieved in the quarter a year ago. Along with the quarterly results, the Hindustan Copper Board appointed Mritunjay Kumar Dev, Senior Manager as the Company Secretary and Compliance Officer after the expiry of the tenure C S Singhi from April 3, 2025, onwards. 

Segmental information

Digging and Sorting: HCL has several big copper mines across India. They dig up the rock that contains copper (called ore) and then process it to get a more concentrated form of copper. Think of it like separating the good stuff from the dirt. 
 

Melting and Cleaning: They then melt this concentrated copper and clean it up to make pure copper. This pure copper is often in the form of “copper cathodes,” which are like building blocks for other copper products. 
 

Making Copper Stuff: HCL uses this pure copper to make various things like: 

  • Copper cathodes (the pure copper blocks) 
  • Copper rods (used in electrical wiring) 
  • Copper wires 
  • Copper sulphate (used in agriculture and other industries) 
  • Other By Products 

Getting Other Valuable Things: When they’re digging up the copper, they also find other valuable materials like gold, silver, and other metals. They extract these too, which adds to their income. 

Subsidiary Information

  1. Khetri Copper Complex (KCC) in Rajasthan: It is a underground mine where they dig up copper ore, turn it into concentrated copper, and then melt and purify it into copper cathodes. 
     
  1. Malanjkhand Copper Project (MCP) in Madhya Pradesh: This is the biggest open-pit copper mine in India. They dig up a lot of copper concentrate here, which they then send to other HCL locations to be refined. They’re also planning to start more underground mining here. 
     
  1. Indian Copper Complex (ICC) in Jharkhand: It is a mining site where it melts and purifies copper. They make copper cathodes, rods (for wiring), and other things like sulfuric acid as byproducts. 
     
  1. Taloja Copper Project (TCP) in Maharashtra: This place focuses on making copper wire rods, which are used in electrical and industrial stuff. 
     

Q3 Highlights

  • Net profit of ₹62.9 crore for the December quarter, a slight decline of 0.15% from ₹63 crore last year.  
  • Total income fell nearly 16% to ₹343.57 crore compared to ₹409.24 crore in the previous year. 
  • Earnings per share (EPS) for Hindustan Copper stood at ₹0.65 for Q3. 

Financial Summary

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 399.00 328.00 1,677 1,717 
Expenses 293 220 1,185 1,170 
EBITDA 107 108 588.00 603.00 
OPM 27% 33% 29% 32% 
Other Income 10 16 96 55 
Net Profit 63.00 63.00 295 295 
NPM 15.79 19.21 17.59 17.18 
EPS 0.65 0.65 3.06 3.05 
Coal India Q3 Results
Coal India Q3 Results: Net Profit Declines 17% to ₹8,491 Crore, Announces 2nd Interim Dividend

Coal India Ltd: Overview

Coal India Ltd (CIL), a Maharatna company, is the world’s largest coal producer and a major player in India’s energy ecosystem. Established in 1975 and headquartered in Kolkata, CIL operates under the Ministry of Coal, Government of India. It plays a pivotal role in meeting India’s energy demands, supplying over 80% of the country’s coal requirements. CIL’s operations span coal mining, production, and supply to diverse sectors such as power, steel, cement, and fertilizers. 

India’s coal sector is critical for supporting its growing economy, as coal remains the primary source of energy generation, contributing nearly 60% to the country’s electricity production. However, the industry is also undergoing a transformation, driven by increasing environmental concerns, the shift towards renewable energy, and technological advancements to improve efficiency and reduce emissions. Despite these challenges, CIL remains central to India’s energy security strategy, catering to the ever-growing demand for coal with consistent production growth and operational improvements. 

Latest Stock News 

Coal India declares a 2nd interim dividend of ₹5.6 per share. In November 2024, Coal India Limited (CIL) took a major step toward sustainability by commissioning a 50 MW solar power plant, its largest to date, at Northern Coalfields Limited (NCL) in Nigahi. A few weeks later, on December 2, 2024, CIL signed an MoU with Bharat Petroleum Corporation Limited (BPCL) to explore a ground breaking Coal-to-Synthetic Natural Gas project at Western Coalfields Limited (WCL) using surface coal gasification technology. The Ministry of Coal further bolstered these efforts by approving a financial incentive of ₹1,350 crore for each of three coal gasification projects. 

CIL also collaborated with IREL (India) Ltd through a MoU signed on January 6, 2025, to jointly develop critical mineral assets. Meanwhile, Mahanadi Coalfields Limited (MCL) recorded its first-ever income of ₹241 crore from the Basundhara rail line during the first nine months of FY 2024-25. Operationally, the company achieved a notable reduction of ₹365 crore in explosive expenses, although repair and maintenance costs rose by ₹89 crore. However, challenges persisted. Bharat Coking Coal Limited (BCCL) grappled with land issues and fires in overburden (OB) and coal benches. At the same time, excessive rainfall, nearly double that of the previous fiscal year, significantly impacted operations at NCL. 

Business Segments

  • Coal Mining and Production: CIL operates over 352 mines, categorized into underground, opencast, and mixed mines. The company’s production volumes stood at 703.2 million tonnes (MT) in FY23, a 12% year-on-year growth, with plans to achieve 1 billion tonnes of annual production by FY26. This aligns with India’s goal of reducing coal imports and boosting domestic supply. 
  • Coal Supply and Distribution: Coal India ensures reliable and efficient coal delivery through its robust distribution network, which includes rail, road, and dedicated freight corridors. The e-auctions play an important role here. Power utilities remain the largest consumers, accounting for approximately 80% of CIL’s total coal sales. The company also caters to non-power sectors like cement, steel, and chemicals. 
  • Coal Beneficiation: To address the growing demand for higher-grade coal and reduce the ash content, CIL operates 15 coal washeries (11 coking and 4 non-coking). These washeries play a vital role in improving the quality of coal supplied to industrial users, particularly in the steel sector. CIL is planning to expand its coal beneficiation capacity in the coming years to meet evolving market needs. 
  • Renewable Energy Initiatives: In line with India’s renewable energy goals, CIL is diversifying into solar and wind energy. The company has already set up solar projects at various locations and plans to invest ₹5,650 crore to develop 3 GW of renewable energy capacity by FY27. These initiatives align with CIL’s long-term sustainability strategy and the government’s focus on reducing carbon emissions. 

Subsidiary Information

  • Mahanadi Coalfields Limited (MCL): Mahanadi Coalfields Limited (MCL), established in 1992 and headquartered in Sambalpur, Odisha, is one of Coal India Ltd’s largest and most productive subsidiaries. Operating across Odisha, MCL plays a crucial role in India’s energy sector, contributing over 190 million tonnes (MT) of coal production in FY23. The company primarily caters to the power, steel, and cement industries, with a focus on large-scale opencast mining projects. MCL emphasizes sustainability and technological advancements to maintain operational excellence. 
  • Northern Coalfields Limited (NCL): Northern Coalfields Limited (NCL), established in 1986, is headquartered in Singrauli, Madhya Pradesh. NCL operates primarily in Madhya Pradesh and Uttar Pradesh, focusing on opencast mining to meet regional power demands. It produced over 122 MT of coal in FY23, making it a significant contributor to Coal India Ltd’s output. NCL is a key supplier to major clients like NTPC and has built a reputation for its highly mechanized operations. The company also prioritizes environmental management and community development, aligning with its commitment to sustainable mining practices. 
  • South Eastern Coalfields Limited (SECL): South Eastern Coalfields Limited (SECL), founded in 1985, is headquartered in Bilaspur, Chhattisgarh. It is Coal India Ltd’s largest subsidiary in terms of geographical area, operating across Chhattisgarh and Madhya Pradesh. SECL specializes in both opencast and underground mining and recorded a production of approximately 162 MT in FY23. It is a major coal supplier for the power, steel, and cement industries. SECL is actively involved in enhancing coal evacuation infrastructure and adopting eco-friendly mining techniques, further cementing its leadership in India’s coal sector. 
  • Western Coalfields Limited (WCL): Western Coalfields Limited (WCL), established in 1975 and headquartered in Nagpur, Maharashtra, operates across Maharashtra and Madhya Pradesh. WCL specializes in both opencast and underground mining, producing around 57 MT of coal in FY23. The subsidiary plays a vital role in meeting the energy demands of western India, supplying coal to thermal power plants and other industries. WCL is also dedicated to environmental conservation through initiatives like afforestation and reclaiming mined-out areas. Its focus on sustainable mining ensures long-term regional energy security. 
  • Central Coalfields Limited (CCL): Central Coalfields Limited (CCL), founded in 1975 and headquartered in Ranchi, Jharkhand, operates extensively in the coal-rich regions of Jharkhand. CCL produced approximately 74 MT of coal in FY23, serving power, steel, and cement sectors across the country. With a mix of opencast and underground mines, the subsidiary focuses on modernizing its operations through the adoption of advanced technologies. CCL is also developing coal washeries to supply cleaner coal, aligning with its commitment to environmental sustainability and meeting the rising demand for high-quality coal. 

Q3 FY25 Earnings 

  • Revenue of ₹35780 crore in Q3 FY25 down by 1.03% YoY from ₹36154 crore in Q3 FY24.  
  • EBITDA of ₹12317 crore in this quarter at a margin of 34% compared to 36% in Q3 FY24. 
  • Profit of ₹8491 crore in this quarter compared to a ₹10292 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 36154 35780 138252 142324 
Expenses 23183 23463 94020 94352 
EBITDA 12971 12317 44232 47971 
OPM 36% 34% 32% 34% 
Other Income 2489 2214 6560 8396 
Net Profit 10292 8491 31723 37396 
NPM 28.6% 23.7% 22.9% 26.3% 
EPS 16.6 13.8 51.5 60.7 
Tata Steel Q3 Results
Tata Steel Q3 Results: Surprise Profit of ₹327 Crore, Beating Market Estimates

Tata Steel Ltd: Overview 

Tata Steel Ltd, a flagship company of the Tata Group, is one of the world’s largest steel manufacturers with a global presence spanning over 50 countries. Established in 1907, Tata Steel is a pioneer in the Indian steel industry, with its operations encompassing mining, steel production, and distribution. Tata Steel is one of the most diversified integrated steel producers in the world, with an annual crude steel production capacity of 35 MTPA. The Company’s manufacturing assets are spread across India, the Netherlands, the UK, and Thailand. The company’s products serve diverse industries, including construction, automotive, infrastructure, engineering, and consumer goods. 

Tata Steel has been a key player in driving India’s industrial growth and is renowned for its commitment to sustainability, innovation, and operational excellence. The global steel industry is poised for growth, supported by infrastructure development, rising urbanization, and demand for advanced automotive materials. With a production capacity of over 34 million tonnes per annum (MTPA) globally (as of FY25), Tata Steel has an integrated value chain that includes raw material mining, steelmaking, and value-added products. The global steel industry is driven by infrastructure development, urbanization, and demand from the automotive and construction sectors. Tata Steel, with its diversified product portfolio and strong brand equity, is well-positioned to capitalize on these opportunities. The company is also focusing on decarbonization and aims to achieve carbon neutrality by 2045, aligning with global sustainability trends. 

Latest Stock News 

India’s largest blast furnace at Kalinganagar is making great strides, with production steadily ramping up. In December 2024, the plant successfully produced its first annealed coil from the 2.2 MTPA Cold Roll Mill. That same month, the Coke Oven Battery #3A was commissioned, marking another milestone in the 5 MTPA capacity expansions at Kalinganagar. This expansion is set to boost production of high-strength hot-rolled steel, catering to key sectors such as Oil & Gas, Lift & Escalator, and Engineering. Deliveries were higher by 2% and include volumes to UK operations. Excluding transfers to UK, External deliveries were up 7% on QoQ basis. 

Tata Steel’s India operations continue to perform strongly, reporting an impressive EBITDA margin of about 24%, with Indian volumes contributing nearly 70% of total deliveries. The company also invested ₹3,868 crores in capital expenditure during the quarter to further its growth plans. Raw material cost decreased upon cessation of liquid steel production partly offset by higher purchases. Globally, steel prices remained under pressure between October and December 2024. In the U.S., prices dipped by 2%, while in the EU, they fell by around 5%. Meanwhile, raw material prices showed mixed trends—coking coal prices dropped by 7%, settling below $200 per ton, while iron ore prices remained steady, fluctuating between $100 and $110 per ton. 

Business Segments

  • Steel Manufacturing: Tata Steel operates an extensive network of steel plants in India and internationally, producing flat and long steel products. Its advanced manufacturing facilities in Jamshedpur, Kalinganagar, and Angul are benchmarks in productivity and efficiency. The company’s Indian operations contribute significantly to its overall production and profitability. 
  • Mining and Raw Materials: To ensure a stable supply of critical raw materials, Tata Steel has backward integrated operations with captive mines for coal, iron ore, and chrome. These mines are strategically located to support the company’s steel plants, reducing dependency on external suppliers and enhancing cost competitiveness. 
  • International Operations: Tata Steel has a strong international footprint, with operations in Europe (Tata Steel Europe), Southeast Asia, and the Middle East. Tata Steel Europe focuses on high-value products for automotive and construction industries, while the Southeast Asian operations are focused on cost-effective steelmaking for regional markets. 
  • Others: This includes a variety of niche products and solutions, such as automotive maintenance products, waterproofing services, and wood finishes. The company also operates in the animal health and crop care segment through specialty chemicals. 

Subsidiary Information

  • Tata Steel Long Products Ltd: Tata Steel Long Products (TSLP) is a critical subsidiary of Tata Steel, focusing on the production of long steel products that cater primarily to the automotive and construction sectors. These products are essential for infrastructure development and automobile manufacturing, making TSLP a significant contributor to Tata Steel’s portfolio of value-added offerings. With its robust capabilities, TSLP plays an instrumental role in strengthening Tata Steel’s position in the long steel segment, ensuring high-quality solutions for its customers. 
  • Tata Steel Mining Ltd: Tata Steel Mining Ltd. oversees the company’s mining operations, ensuring a steady and reliable supply of key raw materials such as iron ore and ferroalloys for steel production. This vertical integration strategy allows Tata Steel to maintain cost efficiency and reduce dependency on external suppliers. The subsidiary’s operations are vital for supporting the company’s production processes, aligning with Tata Steel’s commitment to operational excellence and raw material security. 
  • Tata Metaliks Ltd: Tata Metaliks specializes in the production of pig iron and ductile iron pipes, catering to the burgeoning needs of India’s water infrastructure and construction sectors. The subsidiary’s products play a crucial role in facilitating the development of water supply systems, urban infrastructure, and housing projects across the country. Tata Metaliks contributes significantly to Tata Steel’s diversified product portfolio, ensuring the company’s presence in niche yet essential market segments. 
  • Tinplate Company of India Ltd: The Tinplate Company of India Ltd. is a leading manufacturer of tin-coated and tin-free steel products, serving the packaging industry. This subsidiary provides high-quality tinplate solutions that are widely used in packaging applications, including food and beverage containers. With a strong focus on quality and innovation, the subsidiary enhances Tata Steel’s value chain and strengthens its presence in the growing packaging sector. 
  • Tata Steel BSL Ltd: Acquired in 2018, Tata Steel BSL Ltd. significantly enhances Tata Steel’s capacity in the flat steel segment, catering to diverse industries such as automotive, consumer durables, and general engineering. This acquisition has enabled Tata Steel to expand its product offerings, address a wider range of customer requirements, and strengthen its market presence. The subsidiary plays a crucial role in supporting Tata Steel’s growth ambitions and delivering high-quality solutions to its customers.  

Q3 FY25 Earnings 

  • Revenue of ₹53648 crore in Q3 FY25 down by 3.01% YoY from ₹55312 crore in Q3 FY24.  
  • EBITDA of ₹2903 crore in this quarter at a margin of 11% compared to 11% in Q3 FY24. 
  • Profit of ₹295 crore in this quarter compared to a ₹522 crore profit in Q3 FY24. 

Financial Summary 

Amount in ₹ Cr Q3 FY24 Q3 FY25 FY23 FY24 
Revenue 55312 53648 243353 229171 
Expenses 49048 47745 211053 206923 
EBITDA 6264 5903 32300 22248 
OPM 11% 11% 13% 10% 
Other Income -33 142 1569 -6005 
Net Profit 522 295 8075 -4910 
NPM 0.9% 0.5% 3.3% -2.1% 
EPS 0.42 0.26 7.2 -3.6