{"id":376725,"date":"2020-10-05T10:31:39","date_gmt":"2020-10-05T05:01:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376725"},"modified":"2020-10-05T10:52:15","modified_gmt":"2020-10-05T05:22:15","slug":"vedantas-profit-tumbles-as-india-lockdown-hurts-output-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-profit-tumbles-as-india-lockdown-hurts-output-demand\/","title":{"rendered":"Vedanta\u2019s profit tumbles as India lockdown hurts output, demand"},"content":{"rendered":"<p>Billionaire Anil Agarwal\u2019s Indian commodities conglomerate Vedanta Ltd. posted a 23.5% drop in quarterly profit as one of the world\u2019s strictest lockdowns hit production and demand.<\/p>\n<p>Group net income slumped to 10.33 billion rupees ($141 million) in the three months to June from 13.51 billion rupees a year earlier, the company said in a statement late Saturday. Sales fell 25.9% to 156.87 billion rupees.<\/p>\n<p>Key Insights<\/p>\n<p>Vedanta\u2019s main businesses include zinc, aluminum and oil and gas, all of which have been hit by a slump in demand due to the coronavirus pandemic<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Anil Agarwal\u2019s Indian commodities conglomerate Vedanta Ltd. posted a 23.5% drop in quarterly profit as one of the world\u2019s strictest lockdowns hit production and demand. Group net income slumped to 10.33 billion rupees ($141 million) in the three months to June from 13.51 billion rupees a year earlier, the company said in a statement late Saturday. Sales fell 25.9% to 156.87 billion rupees. Key Insights Vedanta\u2019s main businesses include zinc, aluminum and oil and gas, all of which have been hit by a slump in demand due to the coronavirus pandemic<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-376725","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=376725"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376725\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}