IT'S BEEN swings and roundabouts for the commodities giant Vedanta Resources. The group is gearing up to close a merger with its Indian branch this quarter, but was beset by falling production volumes in the first nine months of the year.
A merger between oil and gas exploration company Cairn India with Vedanta Limited is now expected to complete within the first quarter of the 2017 calendar year.
However, in a production update released yesterday, volumes fell across many of its metal and oil branches.
(c) 2017 City A.M., source Newspaper