Limited impact on Vedanta operations due to coronavirus lockdown: Crisil

The COVID-19-induced lockdown has had a limited impact on the operations of Vedanta Ltd, rating agency Crisil has said.

Also, increase in export offset decline in domestic demand during the lockdown, supported by its low cost position in key businesses, it said.

“The COVID-19-led lockdown has had a limited impact on its (Vedanta Ltd) operations as it produces essential commodities (zinc, oil and gas, and steel) or falls under continuous process industries (aluminium),” Crisil said.

However, disruption in the supply chain and decrease in sales volume on account of the prolonged global pandemic will be key monitorables, it added.