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Vedanta, Vedanta Aluminium post strong Q1 gains as metal prices lift earnings

After their demerger, Vedanta and Vedanta Aluminium Metal have reported robust financial outcomes for the first quarter, primarily due to rising commodity prices.

  • Vedanta and Vedanta Aluminium report 152% and 216% YoY net profit growth respectively
  • Companies plan to invest ₹12,000 crore in FY27 capital expenditure
  • Analysts see Vedanta Aluminium as a medium-to-long term investment opportunity

Iron ore ore roaches double

Pilbara strikes, CMRG shanangins, and a little bounce in steel are giving the ferrous complex a meek relief rally. The newsflow remains grim as roaches crawl across the market.

Bugger Beetaloo

Sometimes it’s good when the international press comes calling on an Australian issue. Sometimes it’s bad. Like Bloomberg today.

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