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India’s Vedanta posts 41% slump in Q1 profit on soft metal prices

BENGALURU, July 21 (Reuters) – Indian metals-to-oil conglomerate Vedanta ( VDAN.NS ) reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminum . Consolidated profit after tax declined to 33.08 billion rupees ($403.55 million) for …

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