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Published on 7/05/2021 12:33:43 PM | Source: Accord Fintech

Vedanta jumps as its Sesa Goa iron ore business starts supply of 3 tonnes of LMO to hospitals in Goa

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Vedanta is currently trading at Rs. 283.30, up by 14.35 points or 5.34% from its previous closing of Rs. 268.95 on the BSE.

The scrip opened at Rs. 274.00 and has touched a high and low of Rs. 287.50 and Rs. 271.00 respectively. So far 1386493 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 287.50 on 07-May-2021 and a 52 week low of Rs. 77.05 on 08-May-2020.

Last one week high and low of the scrip stood at Rs. 287.50 and Rs. 251.05 respectively. The current market cap of the company is Rs. 104285.88 crore.

The promoters holding in the company stood at 55.11%, while Institutions and Non-Institutions held 27.89% and 12.67% respectively.

Vedanta’s Sesa Goa iron ore business has started supply of 3 tonnes of liquid medical oxygen (LMO) on a daily basis to hospitals in Goa. The liquid medical oxygen is being generated at Vedanta value added business at Amona and will be delivered to Goa Medical College (GMC) oxygen storage reservoirs. Vedanta VAB oxygen plant was initially established to produce gases used in the blast furnace operation of pig iron making.

However, last year, when the first wave of COVID hit the state, Vedanta extended support to the State by loading the 'first liquid oxygen tanker' generated from VAB's oxygen plant.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.