Covid-19 hits profits at mining giant Vedanta as Agarwal delisting plans continue

Mining conglomerate Vedanta saw its profit slip by almost a quarter in the three months to the end of June after demand took a beating during the pandemic. Vedanta, the oil-to-aluminium conglomerate backed by billionaire Anil Agarwal, said revenue dropped 25pc on a year earlier to 156.9bn rupees (£1.65bn). Net profit was down 23pc year on year, at 10.33bn rupees, according to the filing posted over the weekend. Vedanta said it struggled with lower workforce availability during the three mo