LONDON Nov 7 India-focused miner Vedanta
said on Wednesday that efforts to streamline its
sprawling structure were on track to complete this year,
brushing off fears of a delay as it reported an almost 50
percent jump in first-half core profit.
Vedanta said earnings before interest, tax, depreciation and
amortisation (EBITDA) for the six months to the end of September
came in at $2.6 billion, exactly in line with market forecasts,
as Cairn India, acquired last year, offset the impact of weaker
profits from zinc and iron ore.
Vedanta's iron ore production has been hit by a year-long
ban on mining in the Indian state of Karnataka and more recent
restrictions on the transport and extraction of iron ore in Goa,
India's second-biggest iron ore producing state.