A strong pricing rebound for most commodities has helped the group maintain strong dividend flows across key businesses and, as a result, avert a debt crisis. However, a series of disruptive events could take a near-term toll on India’s commodity appetite and, hence, on Vedanta’s prospects. The recent iron ore mining ban-induced impairments is an added pain.
03 Apr 2018
Despite supportive prices, impairments will weigh on FY18 bottom-line
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Despite supportive prices, impairments will weigh on FY18 bottom-line
Vedanta Resources (VED:LON) | 0 0 0.1% | Mkt Cap: 2,059m
- Published:
03 Apr 2018 -
Author:
Varun Sikka -
Pages:
4
A strong pricing rebound for most commodities has helped the group maintain strong dividend flows across key businesses and, as a result, avert a debt crisis. However, a series of disruptive events could take a near-term toll on India’s commodity appetite and, hence, on Vedanta’s prospects. The recent iron ore mining ban-induced impairments is an added pain.