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Vedanta Q2 aluminium output falls
Edited by : AL CIRCLE
1 min read
Vedanta Resources Plc fiscal Q2 output at its Tuticorin smelter rose 28% while aluminum production fell 8%.
Vedanta said that aluminum output fell 8% to 149,000 tonnes.
London based Vedanta is in the final stage of completing its purchase of a majority stake in Cairn India Limited which will give it access to India’s biggest onshore oil deposit. Cairn India shareholders and Oil & Natural Gas Corporation its partner in the oil fields approved Vedanta’s acquisition.
Liberum Capital Limited said that with deal closure, envisaged by the end of the month, Vedanta will reach a key landmark in delivering transformational earnings to drive rapid deleveraging.
Vedanta said that aluminum output fell 8% to 149,000 tonnes.
London based Vedanta is in the final stage of completing its purchase of a majority stake in Cairn India Limited which will give it access to India’s biggest onshore oil deposit. Cairn India shareholders and Oil & Natural Gas Corporation its partner in the oil fields approved Vedanta’s acquisition.
Liberum Capital Limited said that with deal closure, envisaged by the end of the month, Vedanta will reach a key landmark in delivering transformational earnings to drive rapid deleveraging.
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