Vedanta Resources’ top management told bondholders at the annual investor call earlier this week that in the first quarter, Vedanta paid a higher royalty fee of 3% against 2% (paid last year) of annual revenue to its parent Vedanta Resources, said people attending the call.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.