Vedanta Resources enjoyed soaring profits in the final quarter of last year, seeing its overall revenues jump by 84 per cent on the equivalent period last year.
The mining company, releasing its unaudited results this morning, saw its quarter-on-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) increase by 174 per cent to $724 million (£368.53 million).
Attributing its success to "higher volumes and better price realisations", Vedanta highlighted its aluminium, zinc and copper production as having performed especially well in the final three months of 2006.
"Production across all metals in India was significantly higher than the preceding quarter and in the corresponding prior quarter mainly because of contribution from newly commissioned projects," the firm said in this morning's trading statement.
Among the developments achieved in 2006 that boosted Vedanta's Indian operations were new aluminium smelters at Korba and Balco and a "de-bottlenecking initiative" at the Tuticorin copper smelter.
Shares in Vedanta rose by 2.61 per cent on early morning trading.
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