Higher coal prices to impact Vedanta's profitability in third quarter: Report
"While higher coal costs in India due to ongoing 'coal shortage' would impact Vedanta's profitability in 3Q, we expect it to be temporary," according to the report by Credit Suisse.
The development assumes significance as the supply of coal is being prioritised to the power sector to replenish the dwindling stock in the wake of reports of an electricity crisis looming large. Source: PTI