Vedanta's quarterly core earnings rise; India copper output drops

Miner Vedanta Resources Plc, which is set to taken private by Chairman Anil Agarwal, reported on Monday a 26.3 per cent rise in first-quarter core earnings on higher commodity prices.

The London-listed company’s earnings before interest, taxes, depreciation and amortization (EBITDA) rose to USD 983 million, for the three months ended June 30, from USD 778 million a year earlier.

However, its copper production from India fell 73.3 per cent in the quarter after the company closed its facility in southern India earlier this year.