Vedanta announces second interim dividend at Rs 4/share, total payout worth Rs 1,564 crore
Vedanta's board of directors on Friday approved second interim dividend of Rs 4 per share for the Financial Year 2024-25. The total payout will amount to Rs 1,564 crore.
The dividend was approved by its board in a meeting held today and the company announced about the development during market hours. The company's shares were trading at Rs 442.95 on the NSE around 3 pm, up by Rs 12.05 or 2.80% over the Thursday's closing price.
The company had intimated earlier about the record date for the purpose of payment of dividend to be Saturday, August 3, 2024.
In its quarterly update earlier this month, Vedanta reported a 36% year-on-year (YoY) jump in alumina production at Lanjigarh refinery at 539 kt driven by new capacity, the company said today in a filing to the exchanges. In Q1FY24, the company had produced 395 kt. It was up by 11% on the quarter-on-quarter (QoQ) basis versus 484 kt in the March quarter.
The cast metal aluminum production at its smelters was reported at 596 kt, up 3% YoY on account of better operational performance. The metal production was flat on the QoQ basis.
Its mined metal production in the first quarter stood at 263 kt, up 2% YoY with improved mined metal grades. In line with mine preparation activities being carried out every year in first quarter, it was lower by 12% QoQ, the company filing said.
Refined metal production stood at 262 kt, up 1% YoY and down 4% QoQ due to plant availability & pyro operations on lead mode for later part of 1QFY25. Refined zinc production was reported at
