The Business Bytes
TBB BUREAU
NEW DELHI, JANUARY 28, 2022
Vedanta Ltd on Friday reported a 26.2 rise in its consolidated net profit at Rs 4,164 crore for the third quarter (Q3) of the current financial year.
Vedanta Ltd had posted a consolidated net profit of Rs 3,299 crore in the corresponding period in the previous fiscal, the Company said in a filing to the BSE.
Its consolidated income during the quarter (Q3FY22) under review went up to Rs 34,674 crore from Rs 23,621 crore in the year-ago period, the filing said.
“We are happy to announce that we have taken a number of actions in the last three months to further the journey of ESG transformation that was laid out last quarter. With the commitment to transforming the planet and becoming net-zero carbon by 2050 or sooner, the momentum for decarbonisation across the business has increased with the focus areas being renewable energy, fuel switch, fleet electrification, plantations and afforestation,” it CEO Sunil Duggal said.
