Vedanta advanced 3.42% to Rs 496 after the company said that its board will meet on 8 October 2024 to consider a proposal for fourth interim dividend on equity shares for the financial year 2024-25.
In an exchange filling, the company has already fixed Wednesday, 16 October, 2024, as the 'Record Date' for the purpose of determining the entitlement of the equity shareholders for the said dividend.
Vedanta, a subsidiary of Vedanta Resources, is one of the world's leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia.
The diversified metal company reported 54.02% increase in net profit to Rs 5,095 crore in Q1 FY25 as against Rs 3,308 crore in Q1 FY24. Revenue from operations grew by 5.68% YoY to Rs 35,239 crore in Q1 FY25.
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