The dividend will lead to a total payout of Rs 4,089 crore to shareholders.

In an exchange filing, Vedanta said, “The board has approved the second interim dividend of Rs 11 per equity share i.e. 1100% on the face value of Re 1 per equity share for the financial year 2023‐24, amounting to Rs 4,089 crore.”

The record date for the same has been fixed on Wednesday, 27 December 2023 and the dividend will be duly paid within the stipulated timeline.

Vedanta, a subsidiary of Vedanta Resources, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power & glass substrate and foraying into semiconductors and display glass.

The company reported consolidated net loss of Rs 915 crore in Q2 FY24 from Rs 2,690 crore net profit recorded in Q2 FY23. Income from operations increased 16% year-over-year (YoY) to Rs 38,546 crore during the quarter.

The scrip rose 0.29% to Rs 261.35 on the BSE.