17
Feb
13:32
Vedanta’s iron ore profitability surges in December quarter
Vedanta’s iron ore division saw ebitda surge 625% on-year in the third fiscal quarter through December 2016 (FQ3) to INR 471 crores ($70.2 million). This was also up 349% from the previous quarter.
Iron ore’s share in Vedanta’s consolidated ebitda mix thus jumped to 8% in FQ3 – overtaking the copper and power sectors – from only 2% in the previous year’s quarter. Iron ore revenue rose 161% to INR 1,405 crores.
As expected, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous