Vedanta lowers aluminium output forecast
Vedanta's aluminium business expects slower growth in production and earnings. Earlier projections for EBITDA to exceed $4 billion this fiscal year have been revised. The company now anticipates EBITDA of $2.7 billion in the current fiscal. Projections for FY27 and FY28 are $3.6 billion and $4.1 billion respectively. This indicates a revised outlook for the business's financial performance.
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