A potential acquisition of BPCL will give Agarwal’s conglomerate a cash-rich refinery business with a retail network and a 22% share in the market. Agarwal, with a stint at London School of Journalism, is an avid reader, prolific writer and a woman of many facets. Bloomberg reported that Agarwal is planning to invest $10 billion by teaming up with London-based Centricus Asset Management Ltd. to seek investments in Indian companies, offering substantial growth opportunities. His wife, then Kiran Gupta, was an old family friend and a fellow cyclist. Younger sister Priya Agarwal has been on the Cairn India board as non-executive director since 2012. Agnivesh Agarwal, son of Vedanta Group chief Anil Agarwal, has acquired 60 per cent stake in Chennai-based Primex Healthcare and Research Pvt … Anil Agarwal, billionaire and chairman of Vedanta Resources Plc in London, U.K. (Photographer: Simon Dawson/Bloomberg). This is excluding BPCL’s 61% holding in the Numaligarh refinery. Vedanta Ltd. joined the race for acquiring state-owned Bharat Petroleum Corp. three months after its failed delisting and when analysts have flagged risks about its leverage. There are 30+ professionals named "Kanishk Agarwal", who use LinkedIn to exchange information, ideas, and opportunities. Vedanta Anil Agarwal-promoted Vedanta has appointed Agnivesh Agarwal as the new chairman for its power subsidiary Talwandi Sabo Power (TSPL), the group said in a statement on Friday. Mr. Anil Agarwal is the Founder and Chairman of Vedanta Resources Limited, a globally diversified natural resources company which extracts and processes minerals and Oil & Gas. HZL has posted a 7 per cent rise in net to Rs 1,640 crore in the second quarter (Q2) ended September 30, 2013. JPMorgan in a report said BPCL dividends could easily cover the cost of debt of any acquisition. He shaped the Group’s strategic vision and now plays the role of chief mentor to a … View Anil Agarwal’s profile on LinkedIn, the world’s largest professional community. Anil has 5 jobs listed on their profile. NEWSLETTER. The output from its … His childhood passion for cycling led him to marital bliss. Yet, billionaire Anil Agarwal needs the oil refiner more than ever.The output from its oilfield in Barmer, Rajasthan has been falling. For reprint rights: Axis Bank is conservative but keen on growth: CEO, WHO expert visit to China under negotiation, India now has 73 Covid cases with the UK strain, D-Mart’s Radhakishan Damani set to acquire 8-acre Thane plot from Mondelez, Invesco India Largecap Fund Direct-Growth, Serum, Bharat Biotech jointly pledge for smooth vaccine roll out. Vedanta Resources Limited | 164,499 followers on LinkedIn. Not many know that he, in reality, controls Vedanta by implication through Volcan Investments, which is a holding organization and has a 61.7% stake in the business. The company which has adopted Indian Accounting Standards (Ind-AS) for reporting earnings, said its revenue declined 10 per cent YoY to Rs 3,820 crore. Agnivesh Agarwal 41,154 0.01 Pravin Agarwal 25,000 0.01 Pratik Agarwal 5,000 0.00 Annanya Agarwal 17,640 0.01 Naivedya Agarwal 17,006 0.01 Ruchira Agarwal 17,014 0.01 . See the complete profile on LinkedIn and discover Sanjay’s connections and jobs at similar companies. Watch now | India's premier event for web professionals, goes online! A global diversified natural resources group operating primarily in India, Africa, Australia and UAE. Pravin has 2 jobs listed on their profile. See the complete profile on LinkedIn and discover Pravin’s connections and jobs at similar companies. Agnivesh Agarwal is chairman of Hindustan Zinc, which at 39% contributes most to Vedanta Ltd's operating profit. Join our. Vedanta is said to be following that model for a potential acquisition. Missing BloombergQuint's WhatsApp service? Share Via. View the profiles of professionals named "Kanishk Agarwal" on LinkedIn. Moody’s Investors Service in a note said Vedanta Resources’ failed takeover of Vedanta heightens refinancing risk and is credit negative. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Hindustan Zinc Limited (HZL) posted a 38% jump in net profit to Rs 2,379 crore in the third quarter ended December 31, 2014 against Rs 1,723 crore in the same period last year. Metals and mining magnate Anil Agarwal turned a tiny scrap metal business into London-headquartered Vedanta Resources. At Dec. 28 closing price, the government’s 52.98% in BPCL is worth more than Rs 44,400 crore. That was the story in the pre-liberalisation eighties an "Agnivesh Agarwal has informed that he is stepping down as chairman and director of Hindustan Zinc Ltd to pursue other interests," the company said in an exchange filing. Yet, billionaire Anil Agarwal needs the oil refiner more than ever. LinkedIn is the world's largest business network, helping professionals like Navin Agarwal discover inside connections to recommended job candidates, industry experts, and business partners. View Pravin Agarwal’s profile on LinkedIn, the world’s largest professional community. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Vedanta chairman Anil Agarwal's daughter Priya Agarwal completed B.Sc. Vedanta Ltd. joined the race for acquiring state-owned Bharat Petroleum Corp. three months after its failed delisting and when analysts have flagged risks about its leverage. Sequential top line and bottom line growth stood at 38 per cent and 83 per cent, respectively, on higher volumes and metal prices. Sanjay has 4 jobs listed on their profile. Kalpathi Investments is a Chennai-based venture capital firm which picked up a stake in Primex Scans in August 2010. Vedanta Group firm Hindustan Zinc Ltd (HZL) Friday said Agnivesh Agarwal has stepped down as chairman of the company. Subscribe to our Newsletter right now to be updated. (Psychology) with Business Management from the University of Warwick in the UK. He made Navin Agarwal, his brother, chairman of Cairn India which is promoted by Vedanta Resources. Agarwal’s son, Agnivesh, 41, is the non-executive chairman of Hindustan Zinc and also manages Fujairah Gold in Dubai. Vedanta Group firm Hindustan Zinc Ltd (HZL) today reported a 19 per cent growth in its net profit at Rs 1,921 crore for the first quarter. Cairn India contributes 28% to operating profit. in 2011 for more than $8.5 billion. Agarwal’s son, Agnivesh, 41, is the non-executive chairman of Hindustan Zinc and also manages Fujairah Gold in Dubai. Agnivesh Agarwal is registered with the Ministry of Corporate Affairs with a DIN (Director Identification Number) of 00038950, and is currently associated with 6 companies. He also served as a cabinet minister in the state of Haryana. Agarwal’s brother. The promoter group holds 64.92% in HZL, and thus will get a lion’s share of the dividend amounting to Rs 17,630 crore for the FY17. But its financial leverage has risen since 2016-17 fiscal. Agnivesh, referred to as Swami Agnivesh (born Vepa Shyam Rao; 21 September 1939 – 11 September 2020), was an Indian social activist and the founder of Arya Sabha, a political party based on the principles of Arya Samaj. According to the company's website, Agarwal was appointed on the board with effect from … According to JPMorgan, a special purpose vehicle with additional partners would allow spreading the risk. Kolkata: Kiran Agarwal has been appointed as Additional Director and Chairman of Hindustan Zinc Limited, with effect from March 2, 2019.Her appointment follows the resignation of Agnivesh Agarwal who recently stepped down from the post of chairman and director of HZL to pursue other interests. To be sure, Vedanta has cash of around Rs 35,560 crore on a consolidated basis as of September. As per the government's notification, the States/UTs are being asked to take up surveillance and monitoring of birds, for any signs of ... Is permanent work from home possible in India? Then he founded Vedanta Resources and developed. Yet, the acquisition would require cash when Vedanta’s own financial leverage has been rising. top Navin Agarwal is Executive Director, Deputy Chairman at Vedanta Resources Ltd. View Navin Agarwal’s professional profile on Relationship Science, the database of decision makers. 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