Vedanta profit surges 79% to $337 mn

London: Metal and mining major Vedanta Resources Plc reported a 79 per cent jump in net profit to USD 337 million in the first half of this fiscal, mainly on account of rising demand.
Its net profit was USD 188.2 million in April-September 2009, Vedanta said in a statement.
Vedanta has delivered strong financial results and record production in the first half of the year. We remain focused on delivering our strong organic growth programme and are well placed to benefit from the India's tremendous growth prospects," Vedanta Resources plc Chairman Anil Agarwal said.
The company's strong earnings were bolstered by record production of Zinc-Lead, aluminium, iron ore, silver, commercial power, and copper Zambia.
The company said it expects the growth momentum will continue and remains confident of achieving a good performance for the full year with a significant increase in output across all major segments of the Vedanta Group.