VEDL

Adds dropped word 'president' in paragraph 10

By Neha Arora

NEW DELHI, May 19 (Reuters) - India's top copper producers, including Adani, Vedanta and Hindalco, are opposing plans to make copper wire made by secondary refiners acceptable under government quality standards, saying products made from scrap pose safety risks.

The dispute has triggered a months-long standoff between large primary producers and smaller refiners over fire-refined high conductivity (FRHC) copper rods, which are mainly used in electrical applications such as transformers, power cables and wires.

Large producers argue that copper rods from smaller refiners, which mostly use scrap as raw material, should not be under the same standards because the products may not consistently meet the purity levels required for electrical applications.

"Indian fire (secondary) refiners may not have the requisite technology and hence are incapable of manufacturing the FRHC grade consistently," the large producers said, according to the minutes of a March 23 meeting of the Bureau of Indian Standards (BIS) that was reviewed by Reuters.

The state-run BIS oversees product quality standards in India.

"Many of the manufacturers are not refining and just re-melting scrap to make substandard product," the minutes said of the views expressed by the Indian Primary Copper Association (IPCPA).

The IPCPA's partners include Adani ADEL.NS, Vedanta VDAN.NS, Hindalco HALC.NS and Hindustan Copper HCPR.NS.

In the minutes, secondary producers defended their production method, saying fire refining is used to control the chemical composition of copper and meets conductivity requirements used internationally for cable manufacturing.

The BIS did not respond to requests from Reuters for comment.

IPCPA President Rohit Pathak said the industry body was seeking separate standards for FRHC copper because "fire refining which uses copper scrap as the primary input, cannot remove impurities to achieve 99.99% purity required for electrical applications."

"Lower purity will increase overheating and fire risks. A separate standard will help ensure safe usage," Pathak, who is also CEO of Hindalco's copper business, told Reuters in a statement.

India's total demand for copper rods in the fiscal year to end-March 2025 was estimated at 1.2 million metric tons, of which imports accounted for 0.1 million tons, while FRHC copper rod production stood at 0.4 million tons, according to industry estimates.

Imports are mainly sourced from the United Arab Emirates, although supplies have been disrupted this year by the Middle East conflict.

As a result of the dispute, about 400,000 tons of copper wire rod is currently being traded outside the quality control regime, an industry source said.

(Reporting by Neha Arora; editing by Mayank Bhardwaj and Raju Gopalakrishnan)

((neha.dasgupta@tr.com; X: neha_5;))

May 15 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA - AMENDS FACILITY AGREEMENT WITH TOTAL COMMITMENT UP TO $600 MILLION

Source text: ID:nBSE1SYMhT

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;))

** Vedanta VDAN.NS shares rise 4.5% to 337.80 rupees, hitting a record high

** S&P raises long-term issuer credit rating for London-based parent company Vedanta Resources to BB from B+

** S&P upgrades citing improving operating performance, stronger cashflows and better access to funding

** Says the company is benefiting from higher commodity prices and a more integrated cost structure, particularly in aluminum

** Moody's in May upgraded the company to Ba3 from B1; Fitch in April upgraded to BB– from B+

** Moody's said Vedanta's demerger into five listed companies will improve the organization structure

** Nine of 13 brokerages rate the stock "buy" or higher; their median PT is 847.5 rupees

** YTD, stock up 50.3% vs 10.4% decline in benchmark Nifty 50 Index .NSEI

(Reporting by Abhinav Parmar in Bengaluru)

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** Shares of Vedanta VDAN.NS climb 7.7% to 292.6 rupees, highest intraday pct rise since Sept 2022

** An Indian appeals court rejected Vedanta's challenge to Adani Group's winning bid for bankrupt real estate giant Jaiprakash Associates JAIA.NS

** "The tribunal’s ruling brings clarity and removes uncertainty around the Jaiprakash Associates bid," Deven Choksey, managing director at DRChoksey FinServ said

** Adds, stock move is also supported by rising metal commodity prices

** The metals-to-oil conglomerate posted a 92.3% jump in quarterly profit last week, helped by strong base metal prices that boosted margins

** Co's shares have risen 5.4% since results

** In April, Vedanta approved its split into four separate listed companies, effective May 1, which will begin trading in mid-June

** Stock rated as "Buy" on average by 13 analysts; median PT at 855 rupees as per data compiled by LSEG

** More than 71.8 million shares change hands vs 30 day avg of 20.6 million shares

** YTD, shares up 29.3%

(Reporting by Mridula Kumar and Surbhi Misra in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))

April 29 (Reuters) - Vedanta Ltd VDAN.NS:

• INDIA'S VEDANTA EXEC: POST DEMERGER, TRADING OF NEWLY LISTED COMPANIES WILL BEGIN MID-JUNE

Source text: [ID:]

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

April 27 (Reuters) - India has launched an investigation on some aluminium wire products from Malaysia in the backdrop of existing countervailing duties that are set to lapse in September, the government said late on Monday.

A group of companies including Hindalco Industries Limited HALC.NS, Vedanta Limited VDAN.NS and Bharat Aluminium Company had filed an application for a review to ascertain if there is a need for an extension to the duties.

(Reporting by Kanjyik Ghosh and Neha Arora; Editing by Chris Reese)

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April 24 (Reuters) - India's Hindustan Zinc HZNC.NS posted a bigger-than-expected 67.6% jump in fourth-quarter profit on Friday, boosted by a surge in metal prices and higher production.

• The Vedanta VDAN.NS group company's consolidated net profit rose to 50.33 billion rupees ($533.91 million) for the three months ended March 31

• Analysts, on average, had expected 45.19 billion rupees, according to LSEG data.

• Hindustan Zinc is India's largest zinc producer and derives a significant share of its earnings from silver, prices of which showed sharp swings during the quarter.

• Spot silver XAG= rose 5.4% as the ongoing war in Iran triggered demand for the metal.

• Domestic demand for silver remained strong as investors continued to buy silver exchange-traded funds (ETFs).

• Benchmark zinc prices CMZN3 on the London Metal Exchange rose 3.5%.

• Revenue came in at 135.44 billion rupees ($1.44 billion), up 49% on-year.

• Analysts, on average, expected 119.64 billion rupees.

• The firm's mined metal production rose 2% on-year to 315 kilotonnes in the quarter, while refined metal production climbed 5% to 282 kilotonnes, driven by additional capacity.

• The company forecast growth capex of $500 million to 600 million for fiscal 2027, and added it expects to complete its hot acid leaching technology project at Dariba by the September 2026 quarter.

• It also declared a dividend of 11 rupees per share.

($1 = 94.2663 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru; Editing by Janane Venkatraman)

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** Shares of Vedanta VDAN.NS rise as much as 3.1% to 795 rupees

** Board approves oil-to-metals conglomerate's demerger into four separately listed companies, effective May 1

** Post demerger, VDAN will spin off businesses like steel and ferrous metals, oil and gas, aluminium, and power, while its base metals unit will remain with the parent

** "We intend to make (the) demerger effective from April 1, and it will take maybe four to six weeks, so mid of May all the five companies will get listed," CFO told Reuters in Jan

** VDAN shares up ~40% since getting Indian tribunal's approval on Dec 16

** First announced in 2023, the plan was designed to support growth as UK-based parent Vedanta Resources carried heavy debt, which it has since reduced significantly

** Analysts have a "buy" rating on avg; median PT is 850 rupees - data compiled by LSEG

** YTD, VDAN up 30.5%

(Reporting by Urvi Dugar in Bengaluru)

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By Neha Arora

NEW DELHI, April 16 (Reuters) - India's talks with Zambia over critical minerals mining have stalled amid a lack of assurances from Lusaka on mining rights, two sources familiar with the matter told Reuters.

India last year received an allocation of 9,000 square km (3,474.92 square miles) to explore cobalt — a key component in batteries for electric vehicles and mobile phones — as well as copper, widely used in power generation, electronics and construction.

India dispatched a team of geologists last year, who have since returned with samples of minerals, including cobalt and copper.

The exploration programme in Zambia was set to run for three years, after which New Delhi had planned to invite private sector companies to participate, subject to securing mining rights.

It was not immediately clear why Zambia was withholding assurances for mining rights.

New Delhi is making efforts to restart discussions with Zambia, but the situation is still uncertain, one of the sources said.

They declined to be identified as the discussions are not public. India's federal Ministry of Mines did not respond to a Reuters request for comment.

India has been in talks with several African countries to acquire critical mineral blocks on a government-to-government basis, while also exploring opportunities in Australia and Latin America.

The Indian government last year held internal discussions over the country's growing vulnerability to a tightening global copper market and ways to secure supplies from resource-rich countries during ongoing trade negotiations.

India's copper imports have risen sharply since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter. The country imported 1.2 million metric tons of copper in the fiscal year ending March 2025, up 4% from the previous year.

India is almost entirely dependent on cobalt imports, with shipments of cobalt oxide rising 20% in 2024-25 to 693 metric tons, government data showed.

(Reporting by Neha Arora; Editing by Mayank Bhardwaj and Janane Venkatraman)

((neha.dasgupta@tr.com; X: neha_5;))

Adds shutdown details, updates death toll

By Jatindra Dash

April 15 (Reuters) - At least 17 people died and 36 others were injured following a suspected boiler explosion at a power plant operated by India's Vedanta Ltd VDAN.NS in the central Indian state of Chhattisgarh, a government official said on Wednesday.

Operations at the 600-megawatt coal plant were suspended after the blast, senior administration official Amrit Vikas Topno told Reuters.

The incident took place on Tuesday at Singhitarai, about 230 km (143 miles) away from the state capital of Raipur.

The shutdown of the plant comes as India is poised for a harsher summer. The government has delayed the maintenance of nearly 10 gigawatt of coal plant capacity in the absence of gas supplies due to the Mideast conflict.

The blast was likely caused by overheating in the boiler tube, District Superintendent of Police PK Thakur told Reuters.

In a statement, Vedanta said an "unfortunate incident" had occurred at its Singhitarai plant and that a thorough investigation is underway to determine the cause.

Vedanta said that NTPC GE Power Services operates and maintains the plant.

Vedanta acquired the 1,200 MW coal power plant through a bankruptcy process in 2022. Only 600 MW of the plant has been operational.

(Writing by Sethuraman NR, additional reporting by Abhirami G in Bengaluru; Editing by Anil D'Silva, Sherry Jacob-Phillips and Kim Coghill)

((abhirami.g@thomsonreuters.com))

By Jatindra Dash

April 14 (Reuters) - At least nine people were killed and 15 injured following a blast in a boiler unit of a power plant on Tuesday that was operated by India's Vedanta in the central Indian state of Chhattisgarh, local police said.

The cause of the explosion was not yet known.

The incident took place at Singhitarai, about 230 km away from the state capital of Raipur.

The blast was likely caused by overheating in the boiler tube, said P. K. Thakur, superintendent of police of Sakti district, where the plant is located.

In a statement, Vedanta said an "unfortunate incident" had occurred at its Singhitarai plant and that a thorough investigation was being undertaken to ascertain details.

The company did not provide details or disclose the number of casualties.

(Writing by Abhirami G in Bengaluru; Editing by Anil D'Silva)

((abhirami.g@thomsonreuters.com))

** Shares of Vedanta VDAN.NS and Hindalco HALC.NS climb 2.6% and 3%, respectively - top gainers on metals index .NIFTYMET

** JPMorgan upgrades VDAN and HALC to "overweight" from "neutral," citing sustained strength in aluminium prices amid global supply risks due to the ongoing Iran war

** The Middle East conflict has put us on the edge of a bullish supply driven event horizon and recent smelter outages will likely last for months even after shipping through Strait of Hormuz eventually returns, says brokerage

** JPM sees attractive risk-reward into FY27 for VDAN and raises PT to 850 rupees from 680 rupees

** Adds, HALC expected to benefit from higher aluminium and copper prices and recovery at Novelis from FY27; PT raised to 1,125 rupees from 875 rupees

** Avg rating on VDAN at "buy" and HALC at "hold" - data compiled by LSEG

** YTD, VDAN up 17.5% and HALC up 7.7%; metals index gains 4.5%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

April 3 (Reuters) - Vedanta Ltd VDAN.NS:

• Q4 ZINC INDIA MINED METAL PRODUCTION UP 2% YOY

• STEEL SALEABLE PRODUCTION IN Q4 INCREASED 9% QOQ

• RECORD ANNUAL ALUMINA PRODUCTION UP 48% YOY AT 2,916 KT; ALUMINIUM AT 2,456 KT

• Q4 TOTAL ALUMINIUM PRODUCTION UP 2%

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 30 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA - SAYS STRATEGIC OPPORTUNITIES UNDER EVALUATION ARE EXPLORATORY AND PRELIMINARY

• VEDANTA - NO BINDING DECISIONS, DEFINITIVE AGREEMENTS, MATERIAL DEVELOPMENTS THAT REQUIRE DISCLOSURE

Source text: ID:nBSE3JZFNW

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;))

March 28 (Reuters) - India's Vedanta VDAN.NS will break up into five listed companies early next month under a years-long restructuring programme aimed at reducing debt, the Financial Times reported on Saturday, citing an interview with chair Anil Agarwal.

(Reporting by Preetika Parashuraman in Bengaluru; Editing by Christopher Cushing)

((Preetika.Parashuraman@thomsonreuters.com;))

March 23 (Reuters) - Vedanta Ltd VDAN.NS:

• DIVIDEND OF 11 RUPEES PER SHARE

• INTERIM DIVIDEND AMOUNTING TO 43 BILLION RUPEES

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;))

** Asian Energy Services ASIE.NS rises 3.6% to 279.8 rupees

** Energy and metal industry service provider says Vedanta VDAN.NS has extended validity of operation and maintenance contract of oil and gas processing facility, offshore platforms in Gujarat by another year

** YTD, ASIE down ~1.3%

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

March 16 (Reuters) - Asian Energy Services Ltd ASIE.NS:

• EXTENSION OF OPERATION & MAINTENANCE CONTRACT BY VEDANTA

• O&M CONTRACT EXTENDED BY 1 YEAR TO MAR 31, 2027

Source text: ID:nBSE3bNmxW

Further company coverage: ASIE.NS

((Reuters.Briefs@thomsonreuters.com;;))

.

March 14 (Reuters) - JSW Steel JSTL.NS, India's largest steelmaker by capacity, has secured a coking coal mining project in Mozambique, the company said in a statement late Friday, to ensure long-term supply of the key input for steel production.

The Mozambique project has 850 million metric tons of coking coal reserves and the mine will be developed in phases, as per the company statement.

"The first phase expected to be developed over the next two and a half years to produce 2.4 million tons per annum prime hard coking coal," the company said.

(Reporting by Shivangi Acharya; Editing by Stephen Coates)

((shivangi.acharyaHritam.Mukherjee@thomsonreuters.com))

MUMBAI, March 13 (Reuters) - India's Vedanta VDAN.NS has accepted bids worth 25.75 billion rupees ($278.5 million) for three-year bonds, three bankers said on Friday.

The company will pay an annual coupon of 8.95% on this issue and had invited bids on Friday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 13

*Size includes base plus greenshoe for some issues

($1 = 92.4540 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sumana Nandy)

((Dharamraj.dhutia@tr.com))

MUMBAI, March 12 (Reuters) - India's Vedanta VDAN.NS plans to raise 30 billion rupees ($324.97 million) through a sale of three-year bonds, three bankers said on Thursday.

The company will pay an annual coupon of 8.95% on this issue and has invited bids on Friday, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on March 12:

*Size includes base plus greenshoe for some issues

($1 = 92.3150 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

((Dharamraj.dhutia@tr.com))

By Chris Mfula and Olivia Kumwenda-Mtambo

LUSAKA, March 10 (Reuters) - Zambia is courting global investors, including from the United States, as it aims to more than triple its copper output to 3 million metric tons by 2031, its mines minister said on Tuesday.

Africa's second-largest copper producer after Democratic Republic of Congo is seen as one of the countries Washington is keen to partner with as the U.S. escalates efforts to loosen China's grip on materials crucial to advanced manufacturing.

Zambia produced 890,346 tons of copper last year, missing an annual target of 1 million tons. The red metal is a key material in electric vehicles and renewable energy infrastructure vital for the transition to a low-carbon economy.

Zambian Mines Minister Paul Kabuswe said investment talks extend to various countries as part of a broader strategy to meet the 2031 target.

"The U.S. is part of it," he said, without providing details of specific discussions.

Negotiations between Lusaka and Washington are also underway for a more than $1 billion health aid deal that health advocates have warned links the money to mining access and has data-sharing risks.

HAS TO BE A WIN-WIN SITUATION FOR ZAMBIA AND INVESTORS

"There is nothing linked to anything," Kabuswe told Reuters when asked whether U.S. health funding will be linked to mining collaboration, adding: "Zambia is very mindful when seated on the table to do negotiations over any matter."

Kabuswe emphasized the importance of fair deals, adding that "investors must also take their share". "It has to be a win-win situation for Zambia and for the investors," he said.

In addition to copper, Zambia is also rich in cobalt, nickel, manganese, graphite, lithium and rare-earth elements.

Mining firms operating in Zambia include China's JCHX Mining 603979.SS, Canada's Barrick Gold ABX.TO and First Quantum Minerals FM.TO, India's Vedanta Resources VDAN.NS, United Arab Emirates' International Resources Holding and KoBold Metals, which is backed by U.S. investors.

(Writing by Olivia Kumwenda-Mtambo; Editing by Alexander Smith)

((Olivia.Kumwenda@thomsonreuters.com; +27 10 346 1084;))

March 2 (Reuters) - Vedanta Ltd VDAN.NS:

• DECLARED PREFERRED BIDDER FOR KARNAPODIKONDA BAUXITE BLOCK IN ODISHA

Source text: [ID:]

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;;))

By Dharamraj Dhutia

MUMBAI, Feb 25 (Reuters) - India's Vedanta VDAN.NS is set to raise 30 billion rupees ($329.89 million) through a sale of shorter-duration bonds before the end of March, in its second bond issue in the current fiscal year, two sources aware of the matter said on Wednesday.

The metals-to-oil conglomerate is likely to sell two-year bonds or three-year bonds, or a combination of both, the sources said, requesting anonymity, as they are not authorised to speak to the media.

"The company has already initiated talks with a few investors, including mutual funds, and after receiving the board approval today, things should speed up, and they would ideally target completion of this round in the first half of March," one of the sources said.

Vedanta did not immediately reply to a Reuters email seeking comment.

Last June, the company raised an aggregate of 50 billion rupees through a combination of two-year papers, 30-month bonds and three-year bonds.

Vedanta Chief Financial Officer Ajay Goel said last month that the company aims to list its four planned demerged units on Indian exchanges by the middle of May.

Vedanta's restructuring will spin off four businesses - steel and ferrous metals, oil and gas, aluminium, and power - into separately listed companies, while its base metals unit will remain with the parent.

($1 = 90.9390 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)

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Feb 20 (Reuters) - Vedanta Ltd VDAN.NS:

• VEDANTA - TO HOLD MEETING ON FEB 25 FOR DEBENTURE ISSUANCE

Source text: ID:nBSE73kHRS

Further company coverage: VDAN.NS

((Reuters.Briefs@thomsonreuters.com;))

By Hritam Mukherjee and Neha Arora

NEW DELHI, Jan 30 (Reuters) - Oil-to-metals conglomerate Vedanta Ltd VDAN.NS aims to list its four planned demerged units on Indian exchanges by mid-May, its finance chief said.

The natural resources group is nearing the end of a planned restructuring, which won approval from India's company law tribunal in December after initial government pushback.

"We intend to make (the) demerger effective from April 1, and it will take maybe four to six weeks, so mid of May all the five companies will get listed," Vedanta Ltd. Chief Financial Officer Ajay Goel said in an interview late on Thursday.

Indian newspaper Mint reported that the company first flagged the timeline on Thursday during a call with analysts.

Vedanta's restructuring will spin off four businesses - steel and ferrous metals, oil and gas, aluminium, and power - into separately listed companies, while its base metals unit will remain with the parent.

First announced in 2023, the plan was designed to support growth as its UK-based parent Vedanta Resources carried heavy debt, which it has since reduced significantly.

Goel also said U.S. President Donald Trump's move last year to double tariffs on aluminium imports to 50% has been of "insignificant" impact on the company, offset by strong domestic demand in India.

Shares of Vedanta dropped over 5% on Friday, tracking weaker global prices. MET/L

(Reporting by Hritam Mukherjee and Neha Arora; Editing by Nivedita Bhattacharjee)

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Adds details and context from paragraph 3

Jan 29 (Reuters) - Indian metals-to-oil conglomerate Vedanta VDAN.NS reported a rise in third-quarter profit on Thursday on strong base metal prices.

The Mumbai-based miner's consolidated net profit rose to 57.10 billion rupees ($621 million) in the quarter ended December 31 from 35.47 billion rupees a year ago.

Aluminium prices were supported as Chinese producers faced higher costs amid winter power curtailments and tighter environmental rules across the supply chain, analysts at Elara Capital said in a research note.

Lower inventories and production disruptions in major producer China are expected to keep aluminium prices firm in the near term, the brokerage added.

The benchmark three-month aluminium CMAL3, zinc CMZN3, and copper CMCU3 on the London Metal Exchange rose 11.8%, 5.3%, and 21% on-year, respectively, in the reporting quarter.

Higher commodity prices tend to support selling prices and margins for mining companies.

Vedanta's operating profit margin rose to 27% from 22%.

Revenue from Vedanta's aluminium segment rose 10.2%, while its combined zinc and lead India segment rose 16%. The copper segment improved by 48.9%.

Vedanta's aluminium business is the biggest in India by production volume, and contributes to nearly 40% of the company's revenue.

Earlier this month, Vedanta's subsidiary Hindustan Zinc HZNC.NS posted a higher third-quarter profit on strong silver and zinc prices.

($1 = 91.9510 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman and Eileen Soreng)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

Jan 27 (Reuters) -

• VEDANTA - FLOOR PRICE FOR HINDUSTAN ZINC STAKE SALE AT 685 RUPEES PER SHARE

Further company coverage: HZNC.NS

((Reuters.Briefs@thomsonreuters.com;))

Jan 19 (Reuters) - India's Hindustan Zinc HZNC.NS reported a 46.2% jump in third-quarter profit on Monday, driven by record-high silver prices, as well as higher zinc prices, amid resilient demand.

India's top refined zinc producer said its consolidated net profit rose to 39.16 billion rupees ($430.6 million) in the quarter ended December 31 from 26.78 billion rupees a year earlier.

Prices of spot silver XAG= soared 52.6% in the final quarter of 2025, underpinned by robust investment inflows and persistent supply constraints, while benchmark zinc prices in London CMZN3 rose 5.3%.

Hindustan Zinc's shares closed 3.6% higher after the results. Earlier in the day, HSBC delivered a ratings upgrade after it forecast earnings upside from higher zinc and silver prices.

"Zinc and lead prices are forecast to stay resilient despite some nominal surplus," the company said in an exchange filing.

A unit of oil-to-metals conglomerate Vedanta, Hindustan Zinc is the world's third-largest silver producer and the largest integrated silver player in India, which is the world's biggest consumer of the metal.

Demand for the precious metal shot up in the festive quarter in the South Asia country as consumers looked to silver as an investment alternative for gold after prices hit multiple record highs.

The company, which commands roughly three-fourths of India's zinc market, reported total revenue from operations jumped 27.5% to 109.80 billion rupees.

Its mined and refined metal production grew 4% each on-year, the highest ever logged in the October-December quarter.

($1 = 90.9400 Indian rupees)

(Reporting by Urvi Dugar and Anuran Sadhu in Bengaluru; Editing by Subhranshu Sahu and Janane Venkatraman)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

MUMBAI, Jan 15 (Reuters) - Foreign companies have often complained about tax uncertainty in India and prolonged litigation related to alleged duty evasion on imports or levies payable on big M&A transactions.

Here are some of the most high-profile tax cases in India.

TIGER GLOBAL

India's top court on January 15 ruled that Tiger Global is subject to taxes on its $1.6 billion sale of a stake in Indian e-commerce firm Flipkart to Walmart WMT.O in 2018.

It will serve as a landmark ruling on companies' use of international tax treaties, and how India taxes cross-border deals.

Tiger Global had claimed tax exemption under India–Mauritius tax treaty, but the Supreme Court ruled the transaction was designed as an "impermissible tax avoidance arrangement".

KIA

South Korea's Kia has been accused of dodging $155 million in taxes by misclassifying car component imports, but the company is contesting the charge privately with officials.

At the heart of the dispute lie Kia's imports of parts of a car in separate shipments to assemble the vehicles in India, paying a lower tax applicable, circumventing the higher tax outgo when parts come together as a CKD, or a completely knocked down unit, of a car.

VOLKSWAGEN

In a case similar to the Kia one, Volkswagen VOWG_p.DE has sued Indian authorities in a Mumbai court after being slapped with a $1.4 billion tax notice for importing parts related to its 14 models, including some Audi ones, instead of classifying them as CKD.

The German automaker's court challenge states that India's "impossibly enormous" tax demand will hit its investment in the country, and foreign investor sentiment.

VODAFONE

In one of the most controversial cases, Vodafone VOD.L was slapped with a $2 billion tax demand when it purchased Indian assets of Hutchison Whampoa in an $11 billion deal in 2007.

The dispute caused years-long litigation including a ruling in the company's favour by India's top court, followed by a change of law which reimposed the demand and international arbitration between the sides. Vodafone won the arbitration case in 2020.

CAIRN ENERGY

Britain's Cairn Energy faced a more than $1.4 billion tax demand over the transfer of shares during an internal reorganisation in 2007.

In 2011, Cairn Energy sold its majority stake in Cairn India to Vedanta Ltd, reducing its share in the Indian company to about 10%.

The Indian administration and Cairn India settled the years-long dispute in 2021 by offering to refund the tax amount.

PERNOD RICARD

French liquor giant Pernod Ricard PERP.PA has been accused by Indian authorities of undervaluing certain imports for more than a decade to avoid full payment of duties.

India is demanding roughly $250 million in back taxes but the maker of Chivas Regal and Absolut vodka has contested the findings. The dispute is pending.

In 2022, Pernod warned Prime Minister Narendra Modi's administration that its long-running tax disputes with authorities on valuing liquor imports have inhibited new investment and its current business.

BYD

Chinese automaker BYD has been accused by Indian authorities of underpaying $8.37 million on parts for cars it assembles and sells in India.

BYD later deposited the demand but the probe is still ongoing and could lead to additional tax charges and penalties, Reuters has reported.

(Reporting by Dhwani Pandya and Arpan Chaturvedi; Editing by Aditya Kalra and Ed Osmond)

((Arpan.Chaturvedi@thomsonreuters.com;))