Vedanta Resources Achieves Record EBITDA in FY24
ECONOMY & POLICY

Vedanta Resources Achieves Record EBITDA in FY24

Vedanta Resources, a prominent player in the natural resources sector, has announced its financial results for the fiscal year 2024, showcasing an outstanding achievement. With a consolidated EBITDA of USD 4.7 billion, Vedanta has reached its second-highest ever EBITDA figure, reinforcing its position as a robust and resilient entity in the global market.

The impressive financial performance can be attributed to several factors, including strategic investments, operational excellence, and favourable market conditions. Vedanta's diversified portfolio across various segments such as oil and gas, zinc, aluminium, copper, and iron ore has contributed to its overall growth and profitability. Additionally, the company's relentless focus on cost optimization and efficiency enhancement initiatives has further bolstered its financial position.

Amidst the evolving landscape of the natural resources industry, Vedanta has demonstrated agility and adaptability, positioning itself as a key player driving sustainable growth and value creation. The company's commitment to responsible mining practices, environmental stewardship, and community engagement has garnered widespread recognition, establishing Vedanta as a leader in corporate sustainability.

Looking ahead, Vedanta remains poised for continued success, leveraging its strong fundamentals, strategic initiatives, and global presence to capitalise on emerging opportunities and navigate potential challenges. With a robust financial foundation and a clear vision for the future, Vedanta is well-positioned to deliver long-term value to its stakeholders while contributing to the socio-economic development of the communities in which it operates.

Vedanta Resources, a prominent player in the natural resources sector, has announced its financial results for the fiscal year 2024, showcasing an outstanding achievement. With a consolidated EBITDA of USD 4.7 billion, Vedanta has reached its second-highest ever EBITDA figure, reinforcing its position as a robust and resilient entity in the global market. The impressive financial performance can be attributed to several factors, including strategic investments, operational excellence, and favourable market conditions. Vedanta's diversified portfolio across various segments such as oil and gas, zinc, aluminium, copper, and iron ore has contributed to its overall growth and profitability. Additionally, the company's relentless focus on cost optimization and efficiency enhancement initiatives has further bolstered its financial position. Amidst the evolving landscape of the natural resources industry, Vedanta has demonstrated agility and adaptability, positioning itself as a key player driving sustainable growth and value creation. The company's commitment to responsible mining practices, environmental stewardship, and community engagement has garnered widespread recognition, establishing Vedanta as a leader in corporate sustainability. Looking ahead, Vedanta remains poised for continued success, leveraging its strong fundamentals, strategic initiatives, and global presence to capitalise on emerging opportunities and navigate potential challenges. With a robust financial foundation and a clear vision for the future, Vedanta is well-positioned to deliver long-term value to its stakeholders while contributing to the socio-economic development of the communities in which it operates.

Next Story
Infrastructure Urban

NHAI Defends Use of Mamallapuram Pond for ECR Project Ramp

                                                The National Highways Authority of India (NHAI) has informed the National Green Tribunal (NGT) that it was compelled to use a portion of a pond in Mamallapuram to construct an exit ramp for the East Coast Road (ECR) four-laning project between Mamallapuram and Puducherry. The clarification comes in response to a petition alleging that the construction encroached on the waterbody without valid justification.In its submission..

Next Story
Infrastructure Transport

Tiruvallur Begins Full Audit of Accident-Prone Roads

Tiruvallur, a fast-growing logistics and residential hub on Chennai’s northwestern edge, has begun a comprehensive audit of fatal and non-fatal road accidents across the district.Special task forces made up of transport, police, and revenue officials have started field investigations at high-risk locations such as Red Hills, Poonamallee, and Tiruvallur town.The initiative follows an alarming 188 road crashes, including 49 fatalities, reported in February alone. Tiruvallur Collector M. Prathap has directed officials to analyse five years’ worth of crash data to assess if road design flaws o..

Next Story
Infrastructure Urban

Modi Hands Over 51K Job Letters, Urges Youth to Drive Growth

Prime Minister Narendra Modi on Monday distributed over 51,000 appointment letters to newly recruited youth in various government departments and organisations, addressing them via videoconferencing during the Rozgar Mela.Speaking to the gathering, Modi said today marks the beginning of new responsibilities for the recruits. He urged them to strengthen India’s economy, boost internal security, help build modern infrastructure, and bring meaningful change to people's lives. The sincerity with which they perform their duties, he said, would directly impact India’s journey towards becoming a ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?