Vedanta's Ebitda from iron ore operations logs 70% sharp fall in FY18

Metals and mining conglomerate Vedanta Ltd logged a sharp fall of 70 per cent in its Ebitda (earnings before interest, taxes, depreciation and amortisation) from its iron ore business in FY18. A pronounced fall in iron ore production and sales in Goa where it was the largest ore miner, led to the slide in earnings.

The combined Ebitda from iron ore mining and pig iron operations dramatically fell to $57 million at the end of FY18 from $194 million in 2016-17.

In last fiscal, Vedanta’s Goa iron ore sales plummeted to 5.4 million tonnes (mt) from 7.4 mt in the