Vedanta Q1 net profit falls 12% to Rs 1,351 crore

Vedanta Q1 net profit falls 12% to Rs 1,351 crore

Owing to falling commodity prices which hurt revenue and margins, Vedanta’s Q1 FY20 net profit fell around 12% to Rs 1,351 crore compared to Rs 1,533 crore in the year-ago period. Revenue from operations also fell 4% to Rs 21,167 crore during the quarter ended June 30,

Vedanta to invest ₹55,000 crore across businesses

Vedanta to invest ₹55,000 crore across businesses

Diversified natural resources company Vedanta Ltd today said it will invest ₹55,000 crore across its businesses to increase production by about 50%. The company would fund this investment from internal cash flows.

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