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		<img align="" alt="A bird flies by the Vedanta office building in Mumbai" class="imgCont" height="464" src="http://bsmedia.business-standard.com/_media/bs/img/article/2015-03/27/full/1427466340-9146.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="A bird flies by the Vedanta office building in Mumbai" width="620" />
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			Miner Vedanta posted a 40.6% drop in its quarterly net profit, as continued weakness in commodity prices in global markets impacted its earnings from oil and gas and mining operations.</div>
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			The earnings of India&#39;s biggest private miner, a unit of metals tycoon Anil Agarwal&#39;s Vedanta Resources Plc, have also been hit in recent quarters by mining bans in its key producing states.</div>
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			Vedanta&#39;s consolidated net profit in the September quarter dropped to Rs 974 crore from Rs 1,640 crore, while net sales fell 16% to Rs 16,349 crore, said a company statement on Tuesday.</div>
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			Total income on a consolidated basis was down 15.3% to Rs 16,561 crore compared to Rs 19,549 crore in the year-ago period.&nbsp;</div>
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			Tom Albanese, Chief Executive Officer, Vedanta Limited, said: &ldquo;Our diversified asset portfolio has delivered a strong operating performance, including record production from our tier-1 Zinc mines, resulting in strong free cash flows during the quarter. We are continuing to drive efficiency improvements and optimise opex and capex across the business, taking measured steps to reduce net debt and maximise free cash flow. While the near-term market outlook is challenging, we believe we have the right mix of low cost assets fuelled with new technologies to benefit from future demand in India and globally.&rdquo;&nbsp;</div>
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			Vedanta, which has interests in oil and gas, iron ore, zinc, copper, power and aluminium, in June made a $2.3 billion offer to buy out minorities in its cash-rich oil and gas unit, Cairn India Ltd.</div>
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			The stock was down 0.76% at Rs 103.90 on the BSE at 3:32 pm.</div>
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			($1 = 64.9600 rupees)</div>
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Mining major Vedanta today reported a 40.6% fall in consolidated net profit at Rs 974 crore.

A bird flies by the Vedanta office building in Mumbai

Vedanta Q2 net drops 41% at Rs 974 crore

Weakness in commodity prices, mining bans affect profit

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