Vedanta Limited (NSE:VEDL) sees promise in Saudi copper assets and targets a 16% IRR for a proposed smelter while awaiting clarity on mine development, ore quality and incentives; meanwhile Q1 FY27 power sales were steady at Talwandi Sabo, rose slightly at Jharsuguda and fell at Sakti after a boiler incident.
Previous Week Recap
- Vedanta Sees Saudi Copper Assets: Vedanta says Saudi copper assets look promising; targets 16% IRR for a proposed smelter. Management awaits clarity on mine development, ore quality and possible government incentives.
- Vedanta Q1 FY27 Power Sales: Vedanta (VEDL) Q1 FY27 power sales: Talwandi Sabo 2,723M units (flat YoY), Jharsuguda 687M units (slight rise), Sakti 465M units with reduced availability after April 14 boiler incident
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