Connect with us


The Race to Find High-Growth Oil Stocks as Oil Bull Roars (OTC US: VKIN) (NASDAQ: FANG) (NYSEAMERICAN: CEI) (NYSE: MTDR) (NYSE: RRC)




A little over a year ago, the Saudi’s had just declared diplomatic oil policy war on the Russians, who declared it right back, seemingly threatening to divide the new OPEC+ model and ruin what had been the savior for the oil market back in 2016.

With the growth of US and Russian production, OPEC lost control in 2014-15. Then, in early 2016, Russia (and a few other small producers) joined the cartel on a coalition basis, bringing enough production back into the umbrella to control prices again.

One thing is set in stone: OPEC+ came together to support oil prices against US production growth. However, over the past several years, US production growth has started to dwindle, and some might argue now that those most interested in higher oil prices suddenly have unchallenged control at a time when investments in new oil production have gone off a cliff.

You can thank the early days of the pandemic for sealing the fate on that last point.

The result: we are now facing the growing prospects of a boom higher in global oil prices due to insufficient production capacity growth and insufficient redeployment of developed resources through activation of existing wells and rigs. And there’s no regulatory obstacle to major national producers erring on the side of safety and letting oil prices establish a foothold well above current levels.

Saudi Arabia has 298 billion barrels in reserves. They also have to deal with the ever-present prospect of a sovereign debt crisis given the lack of diversification away from the oil market in the Saudi economy and the massive debt held by EU banks. The difference between stable oil at $60/bbl and stable oil at $90/bbl is $8.94 trillion to the Saudi’s.

Banks conduct “redetermination” twice each year to revalue collateral for raw goods debt. Oil producers borrow on terms defined by that process. An extra roughly $9 trillion in collateral value for a country that was only one year ago fighting back rumors of a run on the sovereign bank is a big motivation. That suggests major jumps in production from OPEC+ will be slow in coming over the next year.

The big question for energy traders is this: What happens when the masks come off and everyone decides to drive across the country or fly to distant vacation spots at the same time as we reach herd immunity through widespread vaccinations?

It’s going to be a massive draw on existing oil and gas production capacity.

This whole story paints a powerful picture for the rebirth of small oil and natural gas producers that fall outside of the OPEC+ umbrella, particularly in the US.

Both the price of oil and the spillover demand for new supplies act as a special bull catalyst for companies like Range Resources Corp. (NYSE:RRC), Matador Resources Co (NYSE:MTDR), Viking Energy Group Inc (OTCMKTS:VKIN), and Diamondback Energy Inc (NASDAQ:FANG).

Range Resources Corp. (NYSE:RRC) trumpets itself as a leading U.S. independent natural gas and NGL producer with operations focused on stacked-pay projects in the Appalachian Basin.

The Company is headquartered in Fort Worth, Texas.

Range Resources Corp. (NYSE:RRC) most recently announced its first quarter 2021 financial results, including realizations before index hedges of $3.20 per mcfe, or approximately $0.51 above NYMEX natural gas, pre-hedge NGL realization of $26.35 per barrel, highest since late 2018, and NGL differential of $1.52 per barrel above Mont Belvieu, best in Company history.

Commenting on the quarter, Jeff Ventura, the Company’s CEO said, “Range continues to make progress on key near-term objectives: improving margins with a focus on cost structure, generating free cash flow, enhancing liquidity, and operating safely while maintaining peer-leading capital efficiency. There were sizable improvements in pricing quarter-over-quarter leading to Range’s $193 million in cash flow from operations before changes in working capital. The corresponding capital spending of $105 million generated solid free cash flow for the quarter.

The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 11% in that timeframe.

Range Resources Corp. (NYSE:RRC) pulled in sales of $513.4M in its last reported quarterly financials, representing top line growth of -12.6%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($458K against $706.8M, respectively).

Matador Resources Co (NYSE:MTDR) is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays.

Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana.

Matador Resources Co (NYSE:MTDR) has discussed its plan to increase oil production in 2021 to generate additional cashflow. The company projects this year’s total oil production in the range of 17.2 to 17.8 million barrel, suggesting a 10% year-over-year improvement.

In addition, the company’s focus on capital efficiency should help the bottom line. This year, MTDR projects drilling and completion costs for operated horizontal wells turned to sales to plunge roughly 14% year over year. It is also looking to initiate dividend payments this year, which will help to drive investor interest in a virtuous circle in a rising oil price context.

And the stock has been acting well over recent days, up something like 9% in that time.

Matador Resources Co (NYSE:MTDR) generated sales of $257.6M, according to information released in the company’s most recent quarterly financial report. That adds up to a sequential quarter-over-quarter growth rate of 16.1% on the top line. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($91.4M against $290.9M, respectively).

Viking Energy Group Inc (OTCMKTS:VKIN) bills itself as an independent exploration and production company focused on acquiring, enhancing and developing oil and natural gas properties in the Gulf Coast and Mid-Continent regions.

The company has assets in Texas, Louisiana, Mississippi, and Kansas. It is also currently the majority-owned subsidiary of Camber Energy Inc (NYSEAMERICAN:CEI), and a merger agreement is in the works that could increase the value of both companies through geographic and operational synergies. The Definitive Agreement has already been signed for the full merger (pending vote and regulatory “ok”) and contemplates a simple one-to-one share exchange, which now appears advantageous to CEI shareholders.

Viking Energy Group Inc (OTCMKTS:VKIN) most recently announced performance metrics, which continued to show tremendous promise. According to its filing, Viking recorded new top marks in topline performance, posting 2020 revenues above $40 million, which is up over 400% from 2018.

James Doris, President and Chief Executive Officer of both Camber and Viking, commented, “We are pleased with Viking’s results given the challenges faced in 2020. In many respects the year was about survival for E&P companies given the unprecedented price environment and market conditions, and not only did we endure thanks to the commitment and perseverance of our entire team we also managed to improve in key areas, including increasing overall revenues and reducing debt at the Viking level. We remain focused on executing on our strategy and forging a path toward profitability.”

Over the past month, shares of the stock have been pulling back into key support, which could offer oil investors an interesting opportunity.

Viking Energy Group Inc (OTCMKTS:VKIN) managed to rope in revenues totaling $8.8M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of 16.9%, as compared to year-ago data in comparable terms, paired with cash levels approaching $8M in the coffers.

Diamondback Energy Inc (NASDAQ:FANG) has been one of the best performing names in the energy space over the past 10 months, ripping over 250% since November.

The company frames itself as Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas.

Diamondback Energy Inc (NASDAQ:FANG) recently provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance, including estimates of Q1 2021 average production of 184.2 MBO/d (307.4 MBOE/d), Q1 2021 average unhedged realized prices of $56.94 per barrel of oil, $22.94 per barrel of natural gas liquids and $3.05 per Mcf of natural gas, resulting in a total equivalent price of $42.36 per BOE, and Q1 2021 average hedged realized prices of $46.81 per barrel of oil, $22.76 per barrel of natural gas liquids and $2.64 per Mcf of natural gas, resulting in a total equivalent price of $35.75 per BOE. Diamondback realized total hedging losses of $102 million in the first quarter, including $80 million of realized gains from the early termination of interest rate swaps.

“Diamondback executed well in the first quarter 2021 and quickly overcame the adversity presented by Winter Storm Uri in February. We closed our two previously announced Guidon and QEP acquisitions in the quarter, and subsequently executed a successful tender offer and refinancing of QEP’s senior notes. This refinancing adds $40 million of annual interest cost savings to the $60 – $80 million of previously announced annual cost synergies expected to be extracted from the QEP transaction,” stated Travis Stice, Chief Executive Officer of Diamondback.

The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 7% in that timeframe.

Diamondback Energy Inc (NASDAQ:FANG) managed to rope in revenues totaling $769M in overall sales during the company’s most recently reported quarterly financial data — a figure that represents a rate of top line growth of -30.3%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($108M against $1.2B, respectively).

DISCLAIMER:  EDM Media LLC (EDM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  EDM is NOT affiliated in any manner with any company mentioned herein.  EDM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  EDM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  EDM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed EDM has been compensated three thousand dollars for news coverage of the current press releases issued by Viking Energy Group Inc (OTCMKTS:VKIN)by a third party.


This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and EDM undertakes no obligation to update such statements.

Media Contact:


Email: IR@EDM.Media

Office: 800-301-7883


Coinsmart. Beste Bitcoin-Börse in Europa


Vedanta Limited: Consolidated Results for the Fourth Quarter and Full Year ended 31st March 2021




MUMBAI, India, May 13, 2021 /PRNewswire/ — Vedanta Limited today announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31st March 2021 (FY2021).

Financial Highlights

Q4 FY2021


– EBITDA up by 88% Y-o-Y to ₹ 9,107 crore

– Robust EBITDA margin1 of 38%

– Att. PAT (before exceptional items) at ₹ 7,013 crore

– EBITDA up by 30% Y-o-Y, at ₹ 27,341 crore

– Robust EBITDA margin1 of 36%

– Att. PAT (before exceptional items) at ₹ 12,151 crore

Other Financial Highlights FY2021

– Improved double-digit ROCE at c.19%

– ND/EBITDA at 0.9x, maintained at low level

– Net Debt at ₹ 24,414 crore, reduction of 32% compared to 31st December 2020

– Strong liquidity position with total cash & cash equivalent at ₹ 32,614 crore

– Contribution to the ex-chequer of ₹ 35,018 crore

Operational Highlights FY2021

– Zinc India

– Record ore production of 15.5 million tonnes despite disruptions on account of the pandemic 

– Highest ever mined metal production of 972kt, up 6% Y-o-Y

– Record Silver production of 706 tonnes

– Zinc International:

– Gamsberg record production volume at 145 kt in FY2021, up by 34% Y-o-Y

– Gamsberg cost of production at $1,288/t, down 11% Y-o-Y

– Oil & Gas:

– Average gross operated production of 162 kboepd for FY2021, down 6% Y-o-Y

– 74 wells hooked up during FY2021

– New gas processing terminal commissioned; ramp up underway expected to add ~ 15 kboepd by Q1 FY2022

– Aluminium & Power:

– Highest ever Aluminium production of 1,969kt, with 2.1 Mtpa run rate achieved in Q4

– Highest ever Alumina production at 1,841 kt, up 2% Y-o-Y

– Lowest cost of production in last 7 years at US$ 1,347 per tonne, 20% lower Y-o-Y

– Iron Ore:

– Production of saleable ore at Karnataka at 5 million tons, up 15% Y-o-Y

– Iron ore sales in Goa at 2.1 million tonnes in FY2021

– Continued engagement with the Stakeholders for resumption of Goa mining

– Steel:

– Steel production at 1.19 million tonnes, down 4% due to covid lockdown

– EBITDA Margin at $95/t, up by ~23%

– Copper India:

– Due legal process is being followed to achieve a sustainable restart of the operations

Mr Sunil Duggal, Chief Executive Officer, Vedanta, said “We are delighted to announce an outstanding quarter. Our key businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption. Our businesses have shown resilience in uncertain market environment as we continue with our winning streak, reporting the highest ever quarterly EBITDA. We are fully supporting our employees, partners, and communities to navigate through these tough times. We are well on our path to execute on strategic priorities to maximize value for stakeholders”

Consolidated Financial Performance

The consolidated financial performance of the company during the period is as under:














 Net Sales/Income from operations 









 Other Operating Income 


















 EBITDA Margin1






 Finance cost 









 Investment Income 









 Exchange gain/(loss) – (Non operational) 






 Profit before Depreciation and Taxes  








 Depreciation & Amortization 









 Profit before Exceptional items 








 Exceptional Items Credit/(Expense)2






 Profit Before Tax







 Tax Charge/ (Credit) 







 Tax on Exceptional items/ (Credit) 






 Profit After Taxes 







 Profit After Taxes before exceptional items 







 Minority Interest 








 Attributable PAT  







Attributable PAT before Exceptional Items






 Basic Earnings per Share (₹/share) 







 Basic EPS before Exceptional items 






 Exchange rate (₹/$) – Average 









 Exchange rate (₹/$) – Closing 










1.  Excludes custom smelting at Copper India and Zinc India operations

2.  Exceptional Items Gross of Tax

3.  Previous period figures have been regrouped or re-arranged wherever necessary to conform to current period’s presentation


Revenue for Q4 FY2021 was at ₹ 27,874 crore, higher 24% Q-o-Q & 43% Y-o-Y, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.

Revenue for FY2021 was at ₹ 86,863 crore, higher 4%, mainly due to higher volume at Zinc India, Aluminium business, Iron ore & Steel business, higher commodity prices & rupee depreciation in FY2021. This was partially offset by lower volumes at Oil & Gas and Skorpion mine being under care and maintenance, lower power sales at TSPL and lower oil prices.


EBITDA for Q4 FY2021 was at ₹ 9,107 crore, higher 18% Q-o-Q & 88% Y-o-Y, primarily due to higher volumes at Zinc India, Aluminium & Iron Ore business and higher commodity & oil prices in Q4 FY2021, partially offset by higher COP at Aluminium and steel business majorly due to input commodity inflation.

EBITDA for the FY2021 was at ₹ 27,341 crore, higher 30%, mainly on account of higher volume at Zinc India, Aluminium & Iron Ore business and structural reduction in COP at Aluminium business. This was partially offset by lower oil prices and lower volumes at Oil & Gas business. 

We had a robust EBITDA margin1 of 36% for the year (FY 2020: 29%)

Depreciation & Amortization

Depreciation & amortisation for Q4 FY2021 was at ₹ 2,054 crore, higher 7% Q-o-Q, primarily due to higher volume & projects capitalization at Zinc India and capitalization of pots in Aluminium business.

Depreciation & amortisation for Q4 FY2021 was lower by 9% Y-o-Y, primarily on account of lower charge at Oil & Gas business due to impairment of assets in Q4 FY2020, lower charge at Zinc International due to Skorpion mines under care and maintenance, partially offset by higher depreciation charge at Zinc India on account of higher ore production and additional capitalisation.

Depreciation & amortisation for FY2021 was at ₹ 7,638 crore, lower 16%, primarily on account of lower charge at Oil & Gas business due to impairment of assets in Q4 FY2020, lower charge at Zinc International due to Skorpion mines under care and maintenance, partially offset by higher depreciation charge at Zinc India on account of higher ore production and additional capitalisation.

Finance Cost and Investment Income

Finance cost for Q4 FY2021 was at ₹ 1,325 crore, flat Q-o-Q, higher interest cost due to lower interest capitalisation offset by repayment of borrowings.

Finance cost for Q4 FY2021 higher 24% Y-o-Y, primarily due to lower interest capitalisation.

Finance cost for FY2021 was at ₹ 5,210 crore, higher 5%, primarily due to lower interest capitalisation.

Investment Income for Q4 FY2021 was at ₹ 860 crore, higher 12% Q-o-Q & 41% Y-o-Y, primarily due to increase in interest income with a change in mix of investments.

Investment Income for FY2021 was at ₹ 3,269 crore, higher 34%, primarily due to increase in interest income with a change in mix of investments partially offset by lower investment corpus.

Exceptional Items

Exceptional items for Q4 FY2021 was at ₹ 773 crore, primarily due to provision in Steel business for obtaining environmental clearance, provision against advances, settlement of structured investments and CWIP impairment in Aluminium.

Exceptional items during FY2021 were ₹ 678 crore which pertains to provision in Steel business for obtaining environmental clearance, provision against advances, settlement of structured investments and CWIP impairment partly offset by RPO liability reversal in Aluminium.


Tax credit for Q4 FY2021 stood at ₹ 1,886 crore (Q3 FY2021: Tax charge of ₹ 1,186 crore). The normalized ETR is 28% (excluding tax on exceptional items and deferred tax asset of ₹ 3,111 crore recognized on carry forward losses in ESL) compared to 27% in Q3. The normalized ETR for Q4 FY2020 was 49%.

The normalized ETR for FY2021 is 27% (excluding tax on exceptional items, tax on intra group dividend and deferred tax asset of ₹ 3,111 crore recognized on carry forward losses in ESL) compared to 34% in FY2020 which is primarily on account of change in profit mix and adoption of new tax regime in one of the major subsidiaries.

Attributable Profit after Tax and Earnings per Share (EPS)

Attributable Profit after Tax (PAT) before exceptional items for the quarter was at ₹ 7,013 crore

For FY2021, Attributable Profit after Tax (PAT) before exceptional items was at ₹ 12,151 crore.

EPS for the year before exceptional items was at ₹ 32.80 per share compared to ₹ 10.78 per share in FY2020.

Balance Sheet

We have robust cash and cash equivalents of ₹ 32,614 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds and fixed deposits with banks. The portfolio is rated by CRISIL, which has assigned a rating of “Tier-I” (implying Highest Safety) to our portfolio. Further, the Company has undrawn committed facilities of c. ₹ 7800 crore as on March 31, 2021.

Gross debt was at ₹ 57,028 crore on 31st March 2021, decreased by ₹ 2,159 crore Y-o-Y. This was mainly due to repayment of debt at Aluminum and Zinc Business.

Net debt was at ₹ 24,414 crore on 31st March 2021, higher by ₹ 2,988 crore Y-o-Y, primarily driven by dividend payment during the year and inter-company loan (ICL) to VRL, partially offset by strong cash flow from operations post capex.

  • CRISIL Ratings at AA- with stable outlook
  • India Ratings at AA- with stable outlook

Key Recognitions

Vedanta has been consistently recognized through the receipt of various awards and accolades. During the past quarter, we received the following recognitions:

  • Hindustan Zinc ranked 1st position in Asia Pacific Region in metals and mining sector and 7th Globally in Environment by the Dow Jones Sustainability Index 2020.
  • Hindustan Zinc recognized as ‘A’ rated company for Climate Change CDP (Carbon Disclosure Project) is among the top 2 companies in metals and mining sector across the globe along with Anglo American Platinum.
  • Hindustan Zinc Evolve E-commerce portal received “Best E-commerce Technology Innovation” award at 21st Inflection Conference Awards 2020.
  • Hindustan Zinc Dariba and Chanderiya Captive Power Plant received “Water Optimization Award 2020” in the category of Best water efficient plant <=500 MW & Best Zero Liquid discharge plant.
  • Hindustan Zinc identified as “Responsible Business of the Year” and awarded with Grant Thornton SABERA Award 2020 for community development.
  • Cairn Oil & Gas Midstream received British Safety Council, “Sword of Honor”
  • Cairn Oil & Gas Won TechCircle Business Transformation Awards 2020 for Excellence in Digital Execution for Quality Transformation for the “Next Generation Workplace – Office 365”
  • Cairn Oil & Gas Won Sustainability 4.0 Award, the leaders awards under the mega large business category and the first runner-up award under the Jury special Mention award on “Recycling of Produced water for Injection Purpose”.
  • Vedanta Ltd, Jharsuguda plant received National Energy Conservation Award for Operational Excellence by Bureau of Energy Efficiency, Govt of India
  • Vedanta Ltd, Jharsuguda plant received Greentech Safety Award 2020 and Greentech Sustainability Award 2020 for Operational Excellence.
  • Balco received Golden Peacock Award for Sustainability for Operational Excellence.
  • Balco Won Gold Medal at the National Awards for Manufacturing Competitiveness 2019-20 for Operational Excellence.
  • Vedanta Aluminium and Power Business received “Gold Award” in Marketing communication for Aluminium and Internal communication for Social Media Brand Ambassadors Program at 11th India PR & Corporate Communication (IPRCCA) Awards.
  • ESL Steel won Greentech Safety Award for Corona Protection Initiatives.

Results Conference Call

Please note that the results presentation is available in the Investor Relations section of the company website

Following the announcement, there will be a conference call at 6:30 PM (IST) on May 13, 2021, where senior management will discuss the company’s results and performance. The dial-in numbers for the call are as below:

For further information, please contact:

Investor Relations

Varun Kapoor

Director – Investor Relations


Raksha Jain

Manager – Investor Relations



Tel:  +91 124 476 4096

[email protected]


Ms. Roma Balwani

Director – Communications and Brand



Tel: +91 11 4916 6250

[email protected]

About Vedanta Limited

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Under the aegis of Vedanta Cares, the flagship social impact program, Nand Ghars have been set up as model Anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Vedanta and its group companies have been featured in Dow Jones Sustainability Index 2020, and were conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020,  ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020,  ‘Company with Great Managers 2020’ by People Business  and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by the Government of Rajasthan.  Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

 For more information, please visit

Vedanta Limited

Vedanta, 75, Nehru Road,
Vile Parle (East), Mumbai – 400 099

Registered Office:

Regd. Office: 1st Floor, ‘C’ wing, Unit 103,
Corporate Avenue, Atul Projects,
Chakala, Andheri (East),
Mumbai – 400 093
CIN: L13209MH1965PLC291394


This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

SOURCE Vedanta Limited

Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading


bp And CEMEX Team Up On Net-Zero Emissions




The two companies have agreed to a memorandum of understanding to develop solutions to decarbonize the cement production process and transportation. These potential solutions may include low-carbon power, low-carbon transport, energy efficiency, natural carbon offsets, and carbon capture utilization and storage technologies. Additionally, they intend to work together to develop urbanization solutions envisioned to decarbonize cities.

“Concrete plays an integral role in society, and there are no substitutes for its key attributes, strength, and resilience. We believe it will continue to have a critical role in a low carbon economy, and the challenge for the industry is to find solutions to the manufacturing process emissions,” said Juan Romero, Executive Vice President Sustainability, Commercial, and Operations Development of CEMEX. “This initiative with bp is another example of the work we are doing with partners across industries, academia, and startups to tap into the latest innovation and disruptive technology to achieve our ambition of delivering net-zero CO2 concrete globally to all of our customers.”

William Lin, bp’s executive vice president, regions, cities & solutions (RC&S), said: “At bp, we want to help ‘greening companies’ meet their sustainability aims just as we are trying to do in our own company. We know that 70 percent of global emissions come from transport, industry and energy and that cement making is energy intensive. Teaming up with progressive companies like CEMEX, that share a net-zero ambition and have complementary capabilities, will help speed up the decarbonization of the industry and the energy system. Now is the time to work together on the path to net-zero and along the way generate mutual value.”

Helping cities and corporations to decarbonize is a core part of bp’s long-term strategy. The RC&S team aims to build enduring relationships ‎with cities and corporations around the world to offer bespoke, integrated and decarbonized energy solutions to complex energy needs – providing energy that is clean, reliable – and also affordable. And to decarbonize high-tech, consumer products, heavy transport, and heavy industry sectors – working with companies that currently have significant carbon emissions to manage and share bp’s net zero ambition.

Angélica Ruiz, bp’s head of country for Mexico and senior vice president for Latin America, said: “We’re proud to collaborate with a global company that shares our goal to transition to a more sustainable future. CEMEX is taking a leading role in decarbonizing the global cement industry, setting a fast pace of progress in all regions, including Mexico and Latin America. Our collaboration with CEMEX is another step towards our ambition to be a net-zero company by 2050 or sooner and help the world to get to net-zero.”

About bp
bp’s purpose is to reimagine energy for people and our planet. It has set out an ambition to be a net zero company by 2050, or sooner and help the world get to net zero, and a strategy for delivering on that ambition. Partnering with countries, cities and corporations to provide innovative energy, mobility and decarbonization solutions as they shape their paths to net zero is a core part of this strategy. For more information visit

CEMEX is a global building materials company that provides high-quality products and reliable services. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future. For more information, please visit:

Cautionary statement:
In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are available on our website at, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at


Related Links

Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading


Alpha ESS stellt auf der Smart Energy Conference & Exhibition 2021 ein Partnerprogramm und neue Produkte für Australien vor




Die neuen Energiespeicherlösungen für den australischen Markt umfassen eine neue Power Station, eine neue Variante der kleinsten Alpha ESS All-in-One- Heimspeicherlösung und eine neue Batterie für Heimspeicher. 

Die tragbare 1 kW / 1 kWh-Power Station unterstützt 11 Geräte gleichzeitig und, kann sowohl für Outdoor-Aktivitäten als auch als kleine (Not-)Stromversorgung für Zuhause genutzt werden. Sie ist damit nicht nur perfekt für Abenteurer geeignet, sondern ermöglicht auch neue Freiheiten im eigenen Garten.

Der neue 3 kW Heimspeicher ist speziell für die Nachrüstung konzipiert. Kostengünstig, einfach zu installieren und skalierbar. Das eigens für den australischen Markt zählerlose Design mit eingebauter 5 kWh-Batterie erfüllt alle üblichen Anforderungen für Nachrüstungen und bietet eine erweiterbare Kapazität bis 30 kWh.

Eine neue Hochspannungsbatterie mit 8,2 kWh Nennkapazität für einphasige oder dreiphasige Anwendungen wurde ebenfalls vorgestellt.

Trends und neue Lösungen

Dong Lin, PhD, Vizepräsident von Alpha ESS, hat auf der Smart Energy Conference außerdem einen viel beachteten Vortrag über das Thema Global Industry Perspective: Market and Price Forecasts gehalten. In diesem Vortrag weist er darauf hin, dass heute der wichtigste Faktor bei der Energiespeicherung die Rentabilität ist. Er prognostiziert, dass virtuelle Kraftwerkslösungen (VPP) oder andere community energy solutions die Amortisationszeit verkürzen werden.


Alpha ESS startet in Australien ein neues Installateur-Netzwerk für diejenigen Fachpartner, die außergewöhnliche Kundenerfahrungen mit Alpha-Produkten liefern. Zentrales Element des Netzwerks ist es Installateure schneller mit Aufträgen zu verbinden. Dies soll die Effizienz und den Kundenservice deutlich verbessern.

Über Alpha ESS

Alpha ESS ist ein führender Energiespeicherhersteller und Systemintegrator mit mehr als 10 Niederlassungen weltweit. In über 60 Ländern sind aktuell bereits mehr als 60.000 Alpha ESS Speichersysteme aktiv in Betrieb.

[email protected] 

Foto –

Related Links


Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading


Nucor Announces New Share Repurchase Program




CHARLOTTE, N.C., May 13, 2021 /PRNewswire/ — The Board of Directors of Nucor Corporation (NYSE: NUE) today approved the repurchase of up to $3.00 billion of the Company’s outstanding common stock. This new authorization replaces the previously authorized $2.00 billion repurchase program (which was terminated by the Board of Directors in connection with the approval of the new authorization), under which approximately $1.55 billion of the Company’s common stock had been repurchased since its authorization in 2018. The Company expects share repurchases will be made from time to time in the open market at prevailing market prices or through private transactions or block trades. The timing and amount of repurchases will depend on market conditions, share price, applicable legal requirements and other factors. The new share repurchase authorization is discretionary and has no expiration date. 

About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Forward-Looking Statements
Certain statements contained in this news release are “forward-looking statements” that involve risks and uncertainties. The words “anticipate,” “believe,” “expect,” “project,” “may,” “will,” “should,” “could” and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company’s best judgment based on current information, and although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company’s actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties surrounding the global economy, including excess world capacity for steel production; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; and (14) the impact of the COVID-19 pandemic. These and other factors are discussed in Nucor’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of Nucor’s Annual Report on Form 10-K for the year ended December 31, 2020. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.

SOURCE Nucor Corporation

Related Links

Coinsmart. Beste Bitcoin-Börse in Europa

Continue Reading
Aviation4 days ago

JetBlue Hits Back At Eastern Airlines On Ecuador Flights

Cyber Security5 days ago

Cybersecurity Degrees in Massachusetts — Your Guide to Choosing a School

Blockchain4 days ago

“Privacy is a ‘Privilege’ that Users Ought to Cherish”: Elena Nadoliksi

AI2 days ago

Build a cognitive search and a health knowledge graph using AWS AI services

Cyber Security5 days ago

Cybersecurity Degrees in Texas — Your Guide to Choosing a School

Blockchain1 day ago

Meme Coins Craze Attracting Money Behind Fall of Bitcoin

Energy3 days ago

ONE Gas to Participate in American Gas Association Financial Forum

Esports3 days ago

Pokémon Go Special Weekend announced, features global partners like Verizon, 7-Eleven Mexico, and Yoshinoya

Fintech3 days ago

Credit Karma Launches Instant Karma Rewards

Blockchain4 days ago

Opimas estimates that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping

SaaS4 days ago

Blockchain12 hours ago

Shiba Inu: Know How to Buy the New Dogecoin Rival

Esports2 days ago

Valve launches Supporters Clubs, allows fans to directly support Dota Pro Circuit teams

SaaS4 days ago

Blockchain4 days ago

Yieldly announces IDO

Esports4 days ago

5 Best Mid Laners in League of Legends Patch 11.10

Cyber Security3 days ago

Top Tips On Why And How To Get A Cyber Security Degree ?

SaaS4 days ago

Blockchain2 days ago

Sentiment Flippening: Why This Bitcoin Expert Doesn’t Own Ethereum

Business Insider2 days ago

Bella Aurora launches its first treatment for white patches on the skin