|Bid||650.00 x 22400|
|Ask||765.00 x 40000|
|Day's range||730.50 - 753.00|
|52-week range||476.30 - 1,112.50|
|PE ratio (TTM)||-91.10|
|Dividend & yield||0.55 (5.78%)|
|1y target est||8.90|
Diversified miner Vedanta Resources (VED.L) said mined metal production at its Indian zinc unit almost doubled in the first quarter due to higher volumes at all of its mines and better ore grades. The company, which mines zinc in Rajasthan, said mined metal content jumped 84 percent to 233,000 tonnes for the quarter ended June 30. The Rampura Agucha open pit-mine operator also said integrated zinc production rose 92 percent to 194,000 tonnes during the quarter and maintained its previous guidance of higher mined metal production for the full-year 2018 in its Indian zinc unit.
Zambia's Konkola Copper Mines (KCM) said on Tuesday it was halting operations indefinitely at its Nchanga underground mine (NUG (Shanghai: 600051.SS - news) ) in Chingola state due to theft of high voltage cables. Konkola, a subsdiary of London-listed Vedanta Resources Plc (Other OTC: VDNRF - news) , said it had also evacuated its 991 workers. The company said the theft occurred after midnight on Tuesday when night shift workers suffered a sudden power outage at the ventilation shaft.
Mumbai, July 25 (IANS) Natural resources major Vedanta Ltd on Tuesday reported a more than doubling of its consolidated net profit to Rs 1,525 crore for the first quarter ended June 2017 on the back of better margins on most of the metals mined by the company. The Indian arm of London-listed energy major Vedanta Resources had posted a profit of Rs 754 crore in the corresponding quarter of last year, a company statement here said. The company's EBITDA (earning before interest, tax depreciation and amortisation) for the quarter in question rose 40 per cent over last year, to Rs 4,965 crore, on account of higher volumes at Zinc India and its aluminium business as well as higher commodity prices, Vedanta said.