Anil Agarwal India city Mumbai covid-19 2020 pandemic Anil Agarwal India city Mumbai

Vedanta reports massive Q4 loss as it attempts to take company private

Reading now: 228
www.livemint.com

MUMBAI : Billionaire Anil Agarwal’s metals and mining conglomerate Vedanta Ltd reported net loss of ₹12,083 crore in the March 2020 quarter, compared to profit of ₹3218 reported in the year-ago period.

Vedanta is in the process of seeking the assent of its public shareholders to delist the company from Indian stock exchanges.While revenue fell 15% year-on-year (y-o-y) to ₹19,513 crore for the quarter, the massive quarterly net loss is attributed to a write-off of ₹17,132 crore on impairment of assets in oil and gas, copper and iron ore businesses.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA