Mining major Vedanta shares edged higher in Thursday's trading session after the company announced that the board has approved the allotment of non-convertible debentures (NCDs) worth ₹5000 crore via private placement basis.
Vedanta share price was trading 0.14 per cent higher at ₹437.40 at the time of writing this article. During the intra-day trade, it touched a high of ₹439.25 and a low of ₹433.60.
In Series 1, the company approved the allotment of 2,40,000 denominated unsecured, redeemable, rated, listed, non-convertible debentures, with a face value of ₹1,00,000 each, aggregating to ₹2,400 crore.
In Series 2, the company allotted 1,75,000 unsecured, redeemable, rated, listed NCDs of ₹1,00,000 each, aggregating to ₹1,750 crore
In Series 3, the mining major approved the allotment of 85,000 unsecured, redeemable, rated, listed NCDs of ₹1,00,000 each, aggregating to ₹850 crore.
Cumulatively, the three series bring the total issue size to ₹ 5,000 crore.
Mining giant Vedanta posted a 154% year-on-year increase in consolidated net profit for the fourth quarter, reaching ₹3,483 crore, while revenue from operations rose 14% YoY to ₹40,455 crore.
During the quarter, consolidated EBITDA came in at ₹11,618 crore, marking a 30% rise YoY and a 3% growth sequentially. The EBITDA margin stood at 35%, the highest in the past 12 quarters.
The company recorded its lowest hot metal cost (excluding alumina) in four years at $920 per tonne, even amid rising input expenses.
Vedanta achieved its highest-ever quarterly production of both mined and refined zinc, reaching 310 kt and 270 kt, respectively. The cost of zinc production dropped to $994 per tonne — the lowest in 16 quarters — driven by enhanced operational efficiency and better ore grades. Additionally, silver output rose sequentially to 177 tonnes in Q4.
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