MUMBAI (NewsRise) -- Indian mining and energy group Vedanta posted a more than four-fold jump in third-quarter profit, as it expanded output of aluminum, power and iron ore in a stable climate for commodity prices.
Vedanta, controlled by billionaire Anil Agarwal, said profit for the October-December quarter rose to 18.66 billion rupees ($279 million) from 4.12 billion rupees a year earlier. Brokerage ICICI Securities had expected the company to report a net income of 19.54 billion rupees.
