Vedanta Q1 Profit Soars 72%, Appoints CEO, Demerger Planned

Vedanta Limited is a big Indian company that makes metals and minerals.

In its first quarter of the new financial year, it earned more money than last year – about 5,473 crore rupees, which is a 72% jump.

Its sales and earnings grew a lot too.

The company said that a man named Arun Misra will be the new chief executive officer starting next month.

They also plan to split off their real‑estate holdings into a new company called Vedanta Property Platforms Ltd.

Shareholders will get one new share for every 20 shares they already own.

This move is meant to make the company simpler and help it grow more value for its owners.