Vedanta Limited Named to Top 100 of Nikkei’s Asia300
03 July 2017 by Staff
Vedanta Limited announced last Thursday that it is among the top one hundred firms in Nikkei Asian Review’s latest Asia300 list.
According to the firm, Nikkei Asian Review selects the list based upon criteria including growth, profitability, efficiency, and financial soundness, all of which are judged using earnings numbers for the latest financial year.
“It gives us immense pride to represent India’s natural resources sector in Nikkei Asia300 list. Vedanta’s diversified portfolio of low cost and tier-1 assets is at the core of its strong financial performance. I am confident that as we continue to deliver a robust business performance and generate superior returns for all our stake holders, we will be strongly positioned amongst the most prominent companies in the world,” said Tom Albanese, Vedanta Limited’s CEO.
Vedanta Limited, which is the only natural resources firm to make the top one hundred, boasts a net debt/EBITDA of 0.4x, which is the lowest of all Indian firms. It turned in a cash flow of ₹133 billion and cut gross debt by ₹41 billion over the course of the previous year, and declared a dividend of ₹71 billion at its conclusion, representing the highest dividend ever paid by the company.
Vedanta Limited is an Indian subsidiary of London-based metals and mining firm Vedanta Resources plc, the world’s sixth-largest natural resources company. Vedanta Limited has a market cap of US$14 billion, with a free float of US$7 billion, and has assets in India, South Africa, Namibia, Australia, and Ireland.