We currently hold a 36% market share in India's Copper industry. Our Indian facilities include a custom smelter, a refinery, a phosphoric acid plant, a sulphuric acid plant and a copper rod plant. In addition, there are three captive power plants located in Thoothukudi, southern India, and a refinery and two copper rod plants operating in Silvassa, western India.Our copper smelter in India recorded the highest ever production and the best-in-class operational efficiencies during the year. The full year copper cathode production at Thoothukudi was a record at 402,000 tonnes,
Shocking news. Why on earth were police using live ammunition? Don't like the reports of environmental and public health issues. Sounds like the company has a lot of questions to answer. Very worrying. How proportionate is this plant to scope of overall operations?
"There is not too much to say about gold that isn't a US dollar (USD) story really. The precious metal has been in a major slump while the greenback continues to rise. Safe haven flows also look to be subdued as all the worlds key antagonisers ..."
I originally bought in early 2015 and watched the share price slump. I stayed in for the divi but when the share price climbed back to my averaged price, I sold out in July 2016. The divi was my only profit, giving me an annualised profit of just under 6%. If I had held on until today, my annualised profit would have been 13.77% without the dividends in the meantime.
I bought back in in March this year at £7.46 in the hope that I can make a bigger profit this time.
Vedanta declares Record Equity Interim Dividend of Rs. 7,881 Crore
The Board of Directors of the Company, in the meeting held on March 13, 2018, have approved Interim Dividend of Rs. 21.20 per equity share i.e. 2120% on face value of Re .1/- per share for the Financial Year 2017-18. The record date for the purpose of payment of dividend is March 21, 2018. The total payout is Rs. 7,881 Crore, being the highest ever dividend payout by the Company in a financial year. This represents a dividend yield of c.7.20% based on the average share price of the company year to date.
Further, the Board has also approved the Dividend @ 7.5% p.a. for Financial Year 2017-18 on Preference Shares of Rs. 3,010 Crore issued and allotted on April 28, 2017 pursuant to the Scheme of Arrangement between the shareholders and creditors of Vedanta Limited and Cairn India Limited ("Scheme"). The record date for the purpose of payment of dividend to the preference shareholders is March 21, 2018.
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