Vedanta posts ₹11k cr loss on impairment charge
Mining major Vedanta has posted a net loss of ₹11,181 crore for the January-March quarter, due to a non-cash impairment charge of ₹12,304 crore, primarily related to subsidiary Cairn India. In comparison, it had reported a net loss of ₹19,228 crore in the year-ago period. Without the exceptional items, however, quarterly net profit stood at ₹955 crore, up by 89%.