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Vedanta chairperson Anil Agarwal said, They are fundamental to new age technologies whether those related to energy transition (solar PV cells, batteries, EVs) or in technologies related to artificial intelligence (advanced semiconductors). ....
The company announced Q4 results last week where Vedanta reported a net profit of Rs 1,369 crore, down over 27% (YoY) compared to Rs 1,881 crore reported in the year-ago period. The consolidated revenue from operations was also down by 6% YoY at Rs 34,937 crore. ....
Vedanta Ltd intends to divest its steel business only if it receives the appropriate valuation, according to Chairman Anil Agarwal. Despite a strategic review initiated in June 2023 and plans for a demerger by March 2024, Vedanta remains committed to running the profitable steel segment. ....
Vedanta stock price target: Nuvama said Vedanta’s debt peaked out in FY24. It revised upward its target price on the scrip to Rs 542 from Rs 394 earlier. The brokerage retained its ‘Buy' on the stock.
Vedanta Q4 Results: Consolidated revenue from operations for the quarter stood at Rs 34,937 crore, down 6% YoY over Rs 37,225 reported by the company in Q4FY23. ....