Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Vedanta Limited Consolidated Results for the Fourth Quarter and Full Year Ended 31 March 2015


News provided by

Vedanta Limited

29 Apr, 2015, 12:58 GMT

Share this article

Share toX

Share this article

Share toX

This image opens in the lightbox
Vedanta Logo (PRNewsFoto/Vedanta Limited (Sesa Sterlite))

MUMBAI, April 29, 2015 /PRNewswire/ --

Strong Underlying Results in a Weak Commodity Price Environment 

FY2015 Total Dividend 26% Higher 

Vedanta Limited (formerly known as Sesa Sterlite Ltd./Sesa Goa Ltd.) today announced its audited consolidated results for the fourth quarter (Q4) and full year ended 31 March 2015 (FY 2015).

     (Logo: http://photos.prnewswire.com/prnh/20150422/740375 )

The Company has been renamed 'Vedanta Limited' from 'Sesa Sterlite Limited' on 21 April 2015. The name change aligns the Company's identity with that of its parent, Vedanta Resources Plc, and provides a unified branding for Vedanta, as a diversified natural resources group.

Financial Highlights for FY2015 

  • Strong underlying results, on the back of a diversified portfolio, in a weak commodity price environment
  • Revenue at Rs. 73,364 crore
  • EBITDA at Rs. 22,226 crore;  EBITDA margin of 41%[1]
  • Attributable pre-exceptional PAT at Rs. 5,060 crore
  • Gross debt reduced by Rs. 2,814 crore during the year, Cash & Cash equivalents of over Rs. 46,200 crore
  • Free Cash Flow post capex of Rs. 3,425 crore
  • Contribution of Rs. 27,900 crore to the Indian Exchequer during the year, in the form of taxes, duties, royalties and profit petroleum
  • Exceptional items includes a one-time non cash impairment charge of Rs. 19,956 crore largely relating to Cairn India acquisition goodwill and the Sri Lanka Block on account of a steep fall in crude oil prices
  • Final dividend of Rs. 2.35 per share; FY2015 total dividend 26% higher at Rs. 4.1 per share

Operational Highlights for FY2015 

  • Record full year production of mined metal at Zinc India; better positioned for underground transition
  • Record full year Aluminium and Alumina production; started new Jharsuguda-II and Korba-II smelters
  • Commenced Iron ore production at Karnataka, final approval awaited at Goa; record annual production of Pig Iron
  • Oil & Gas production normalised post shutdown in Q2

Mr. Tom Albanese, CEO, Vedanta Limited, said: "There have been several positive developments in 2015; record annual mined metal production at Zinc-India, record aluminium production as the new Jharsuguda-II and Korba-II smelters are ramping up well, and record alumina production at the Lanjigarh refinery. We have also commenced iron ore production in Karnataka and mining activities in Goa are expected to resume in the latter half of 2015.We have taken actions to maintain financial strength and flexibility during this period of weak commodity prices through capital re-phasing and cost management initiatives. We remain confident of our diversified business model and low cost asset base and will continue to generate attractive returns to our shareholders."

He also added, "Our Q4 results include aone-time non-cash impairment charge of acquisition goodwill, largely relating tothe Oil & Gas businessand the Sri Lanka Block on account of a steep fall in crude oil prices. This has no impact on the production or future earnings capacity of these assets."

[1]Excludes custom smelting at Zinc and Copper India operations

Consolidated Financial Performance 

The merger of Sesa Goa Ltd. and Sterlite Industries India Ltd., and the Vedanta Group consolidation was completed in August 2013. Consequently Q4 and FY2015 performance is compared with the adjusted proforma numbers of respective periods, which are more representative of the performance during the period.

( In Rs. crore, except as stated)  

   
                                           Q4               Q3           Full Year
                                FY 2015   FY 2014    %           FY 2015   FY2014     %
    Particulars (In Rs. Crore,           (Adjusted Change   FY            (Adjusted Change
    except as stated)            Actual  Proforma)  YoY    2015   Actual  Proforma)  YoY
    Net Sales/Income from
    operations                    17,732    20,785  (15)% 19,128   73,364    72,591     1%
    EBITDA                         3,986     6,665  (40)%  6,234   22,226    25,603  (13)%
    EBITDA margin [1] (%)            28%       45%   -       43%      41%       47%      -
    Finance cost                   1,321     1,537  (14)%  1,329    5,659     6,111   (7)%
    Other Income                      41       764  (95)%    429    2,367     2,210     7%
    Forex loss/ (gain)               184        30      -  (393)    (611)     (505)      -
    Profit before Depreciation
    and Taxes                      2,275     5,961  (62)%  5,639   19,088    21,937  (13)%
    Depreciation                     250     1,469  (83)%  1,782    5,110     5,584   (8)%
    Amortisation of goodwill         514       924  (44)%    546    2,050     2,840  (28)%
    Profit before Exceptional
    items                          1,787     3,569  (50)%  3,311   12,204    13,514  (10)%
    Exceptional Items           19,956         167      -      0 22,129         167      -
    Taxes                            549       328    68%    478    1,448     1,000    45%
    Profit After Taxes          (18,718)     3,074      -  2,834 (11,373)    12,347      -
    Profit After Taxes( before
    exceptional)                   1,166     3,241  (64)%  2,834   10,183    12,514  (19)%
    Minority Interest                514     1,852  (72%)  1,246    4,276     7,342  (42%)
    Attributable PAT (after
    exceptional)                (19,228)     1,222      -  1,588 (15,646)     5,005      -
    Attributable PAT (before
    exceptional)                     491     1,389  (65)%  1,588    5,060     5,172   (2%)
    Basic Earnings per Share
    (Rs./share)                  (64.85)      4.12      -   5.35  (52.77)     16.88      -

    Earnings per Share before                                                 17.44
    exceptional (Rs./share)         1.66      4.69  (65)%   5.35    17.07             (2%)
    Exchange rate (Rs./$) -
    Average                        62.25     60.50     3%  62.00    61.15     60.50     1%
    Exchange rate (Rs./$) -
    Closing                        62.59     60.10     4%  63.33    62.59     60.10     4%
  1. Excludes custom smelting at Zinc and Copper India operations 

Revenue 

Revenues in Q4 were 7% lower sequentially and 15% lower Y-o-Y, on account of decline in oil and copper prices.

Revenue for the year remained strong, up by 1% at Rs. 73,364 crore. Higher volumes at Copper India, aluminium ramp up at Korba, commissioning of Unit I at TSPL and iron ore sales from Karnataka partially offset weaker commodity prices in the latter half of the year.

EBITDA and EBITDA Margin 

EBITDA in Q4 was 36% lower sequentially and 40% Y-o-Y on account of lower commodity prices, particularly a 50% fall in oil prices, and higher exploration charges at Cairn India. Additionally, increased levy provision of 35% of royalty for District Mineral Foundation (33%) and National Mineral Exploration Trust (2%) at Zinc India post MMDR Act impacted margins sequentially.

Normalised EBITDA during Q4 was Rs. 4,500 crore excluding the impact of one-off charges on exploration expenses in Oil & Gas segment of Rs. 280 crore and provision made for GRIDCO receivable of Rs. 270 crore.

EBITDA for the full year was Rs. 22,226 crore, a decline of 13% due to lower volumes, increased exploration costs, lower prices and higher profit petroleum in the Oil & Gas segment. This was supplemented by lower volumes during H1 2015 and higher costs of production on account of increase in royalty rates and coal prices at Zinc India. Weaker oil prices were significantly offset by stronger Zinc and Aluminium premium and prices during the year.

Depreciation and Amortisation 

The Company has with effect from 1st April 2014, revised the estimated useful lives of various assets in its metals, mining and power businesses based on an independent technical study and management's assessment thereof. In addition, one-time adjustments in the Oil & Gas business relating to de-commissioning expenses led to lower depreciation during the year. Consequently, the depreciation charge for the quarter and the year is lower by Rs. 1,219 crore and Rs. 474 crore respectively.

This was partially offset by higher depreciation charge at Cairn India, with effect from 1st April 2014, on account of change in depreciation method from Straight Line Method (SLM) to Unit of Production (UOP) on tangible assets by Rs. 401 crore. Capitalization of aluminium pot-lines at Korba Plant II and Unit I of TSPL during Q2 and capitalization of pipeline expenses at Cairn during Q4 for the full year added to the depreciation for the year. Thus depreciation for the full year was at Rs. 5,110 crore as compared to Rs. 5,584 crore in FY2014.

Amortisation of goodwill was lower by Rs. 410 crore and Rs. 790 crore for Q4 and the full year respectively, mainly due to accelerated charge in the previous year at Lisheen.

Net Interest  

Finance cost was 7% lower at Rs. 5,659 crore as compared to Rs. 6,111 crore in previous year. This was on account of initiatives pertaining to lower cost refinancing of external loans including FCCBs, project loans as well as part repayment of Cairn India acquisition related intercompany loan from parent, Vedanta Resources Plc.

Other income for the quarter at Rs. 41 crore is significantly lower than the corresponding previous quarter as well as sequentially. This was largely due to timing differences where income earned on certain investments are recognized at maturity. Other income was also significantly lower than that recognized at our subsidiaries, HZL and Cairn India, due to non-accrual of income on account of partial adoption of AS 30 at Vedanta Ltd. as compared to complete adoption of AS 30 at these subsidiaries. The full year other income is higher than previous year due to marked to market gains on the investment portfolio in a declining interest rate environment.

Exceptional Items, including Impairment of Goodwill 

Exceptional items in Q4 was Rs. 19,956 crore, which included Rs. 19,180 crore of impairment charge relating to goodwill created on acquisition of Cairn India . The impairment was triggered by a steep fall in crude oil prices, leading to a downward revision of the carrying values on the books. Sri Lankan exploratory assets in the Oil & Gas segment have also been impaired by Rs. 505 crore (as announced by Cairn India Ltd.) given the commercial non-viability of the discovery in light of a softer oil price outlook. Further, Rs. 281 crore is on account of impairment of acquisition goodwill related to Copper Mines of Tasmania, Australia which has been under care and maintenance following a mud rush in January 2014.

The above mentioned impairment is a non-cash charge and does not affect any of the Company's financial covenants, its funding position or its earning capacity.

In addition to the above, full year exceptional items also include Rs. 2,128 crore (gross of tax) provided for in Q1 resulting from change in method of depreciation at Cairn India for the period up to 31st March 2014. This was supplemented by Rs. 45 crore provided for in Q2 relating to write off recognised in respect of investment in cancelled coal blocks of the company in September 2014 pursuant to the Supreme Court decision; this was revised down to Rs. 34 crore in Q4, hence there was a write back of Rs. 11 crore in Q4.

Non-Operational Forex Loss/Gain 

FY2015 includes a net forex gain of Rs. 611 crore primarily due to the impact of the weaker rupee on the dollar denominated cash and liquid investments at Cairn India.

Taxation 

Tax charge in FY2015 is Rs. 1,448 crore (Rs. 2,019 crore before exceptional item with tax rate of 16%) compared with Rs. 1,000 crore (tax rate 7%) in FY2014.

The movement in effective tax rate is primarily driven by higher deferred tax recognised due to higher exploration & development spend in Cairn India. This was further accentuated by deferred tax assets on losses in FY2014 in the standalone business.

Attributable Profit after Tax and EPS (before Exceptional Items) 

As a result of lower EBITDA on account of weak commodity prices being more than offset by lower finance costs, depreciation, amortisation and minority interests, the attributable Profit after Tax (before exceptional items) for FY2015 was stable at Rs. 5,060 crore against Rs. 5,172 crore in FY 2014. Minority interest at 50% for the year (59% in FY2014) was driven by higher profitability in fully owned Aluminium & Copper businesses at Ved Ltd. standalone and lower profit in Oil & Gas subsidiary. The earnings per share before exceptional items were Rs. 17.07 per share for FY 2015 as compared to Rs. 17.44 per share in previous year.

Borrowings and Investments 

Gross debt reduced by Rs. 2,814 crore to Rs. 77,752 crore as on 31st March 2015 from Rs. 80,566 crore as on 31 March 2014. This was largely driven by retirement of loans from available cash balances.

Out of total loan of Rs. 77,752 crore, the loan in INR currency is Rs. 33,512 crore and balance Rs. 44,240 crore is in US dollar. Further, the gross debt comprises of long term loans of Rs. 64,116 crore and short term working capital loans of Rs. 13,636 crore. Average rate of borrowing was 7.9% in FY 2014-15.

We continue to have a strong balance sheet with cash and liquid investments of Rs. 46,212 crore as on March 31, 2015 which is mostly invested in debt related mutual funds, bank deposits and bonds.

The company has a long term rating of AA+ (negative) from CRISIL.

Dividend 

The Board has declared a final dividend of Rs 2.35 per share. The total dividend including interim dividend for FY2015 is Rs 4.10 per share. The total dividend outgo will be Rs. 1,216 crore.

Corporate 

Sesa Sterlite Limited renamed Vedanta Limited 

The Shareholders of the Company approved the name change of the Company through Postal Ballot, results of which were announced on March 30, 2015. The name change to Vedanta Limited was effective post issue of 'Fresh Certificate of Incorporation' issued by the Registrar of Companies, Goa, Ministry of Corporate Affairs (MCA), Govt. of India.  The name change aligns the Company's identity with that of its parent, Vedanta Resources Plc, and provides a unified branding for the Vedanta group, as a diversified natural resources company. The name change is a significant milestone which reflects Vedanta's continued commitment to strengthen the linkage between its businesses, communities and stakeholders.

The change in the name of the company will have no impact on the divisions and subsidiaries of the company.

   
    Annexure

Debt and Cash 

(in Rs. Crore) 

  1.    
        Company              31 March 2015          31 December 2014        31 March 2014
                                                        Cash &                 Cash &
                         Debt Cash & LI Net Debt   Debt     LI Net Debt Debt   LI     Net Debt
        Ved Ltd
        Standalone     37,636       840   36,796 38,480    693   37,787 38,943  2,459   36,484
        Zinc India          -    27,192 (27,192)      - 26,355 (26,355)      - 23,943 (23,943)
        Zinc
        International       -       857    (857)      -  1,398  (1,398)      -  1,204  (1,204)
        Cairn India         -    17,040 (17,040)    158 18,079 (17,921)      - 23,017 (23,017)
        BALCO           5,456         2    5,454  5,508      2    5,506  4,786      1    4,785
        Talwandi Sabo   6,541       152    6,389  6,343     20    6,323  5,028     22    5,006
        Cairn
        acquisition
        SPV (1)        26,850        54   26,796 27,145    116   27,029 30,614     50   30,564
        Others squared  1,269        75    1,194  1,462    143    1,319  1,195    101    1,094
        Ved Ltd
        Consolidated   77,752    46,212   31,540 79,096 46,806   32,290 80,566 50,797   29,769
    

  2. As on 31 March 2015, debt at Cairn acquisition SPV comprises Rs.10,640 crore of bank debt and Rs.16,210 crore of inter-company  debt from Vedanta Resources Plc. There was an accrued interest payable of Rs.100 crore on the inter-company debt. 
  3. Others includes CMT, VGCB, Fujairah Gold, and Vedanta Ltd. investment companies. 

Debt Maturity Profile 

(in Rs. Crore) 

   
                                                                FY 2020 &
    Particulars (1)     FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Later      Total
    Ved Ltd. Standalone   3,841   3,196  6,425    6,599   2,614      2,859 25,534
    Ved Ltd.
    Subsidiaries          8,123   3,724  3,374    3,328   1,363      2,460 22,372
    Total                11,964   6,920  9,799    9,927   3,977      5,319 47,906

¹ Maturity profile excludes working capital facilities of Rs.13,636 crore and inter-company loan from Vedanta Plc

Debt numbers in the tables above are at book value

Note:  Figures in previous periods have been regrouped or restated, wherever necessary to make them comparable to current period. 

Results Conference Call 

Please note that the results presentation is available in the Investor Relations section of the company website http://www.vedantalimited.com

The results call will be at 6:00 PM (IST) on Wednesday, 29 April 2015, where we will refer to the above mentioned presentation. The dial-in numbers for the call are:

   

    Event
                                                         Telephone Number
                                                         Mumbai main access

    Earnings conference   India - 6:00 PM (IST)          +91 22 3938 1088
    call on 29 April 2015
                                                         Mumbai standby access
                                                         +91 22 6746 8388
                                                         Toll free number
                       Singapore - 8:30 PM (Singapore
                       Time)                             800 101 2045
                                                         Toll free number
                       
                       Hong Kong - 8:30 PM (Hong Kong    800 964 448
                       Time)                             Toll free number

                        UK - 1:30 PM (UK Time)           0 808 101 1573
                                                         Toll free number

                        US - 8:30 AM (Eastern Time)      1 866 746 2133
                                                        

                                                         Mumbai
    Replay of                                            +91 22 3065 2322
    Conference Call
    (29 April 2015 to                                    +91 22 6181 3322
    6 May 2015)
                                                         Passcode: 63835#

For online registration: http://services.choruscall.in/diamondpass/registration?confirmationNumber=5267915

About Vedanta Limited 

Vedanta Limited (formerly known as Sesa Sterlite Ltd./Sesa Goa Ltd ) is one of the world's largest diversified natural resources companies. Our business primarily involves exploring, extracting and processing minerals and oil & gas. We produce oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and have a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka. Vedanta Ltd has a strong position in emerging markets with over 80% of its revenues from India, China, East Asia, Africa and the Middle East.

Sustainability is at the core of Vedanta Ltd's strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities.

Vedanta Ltd is a subsidiary of Vedanta Resources plc, a London-listed company. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

Disclaimer 

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

For further information, please contact:

Communications
Roma Balwani
Executive Vice President - Group Communications & CSR
Tel: +91 22 6646 1330
gc@vedanta.co.in

Investor Relations

Ashwin Bajaj
Senior Vice President - Investor Relations

Sheetal Khanduja
Assoc. General Manager - Investor Relations

Sunila Martis
Manager - Investor Relations

Tel: +91 22 6646 1531
vedantaltd.ir@vedanta.co.in

Modal title

Also from this source

Vedanta Regains Control of Konkola Copper Mines in Zambia

Vedanta Regains Control of Konkola Copper Mines in Zambia

Vedanta Resources Holdings Limited ("VRHL" or "Vedanta Holdings" or "Vedanta"), the diversified global mining, metals, natural resources, energy, and ...

More Releases From This Source

Explore

Mining & Metals

Mining & Metals

Mining & Metals

Mining & Metals

Oil & Energy

Oil & Energy

Gas

Gas

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.