Vedanta names Arun Misra as CEO
Vedanta on Thursday named Arun Misra as its chief executive officer for a one-year term starting August 1, while also reporting a 72% jump in first-quarter profit.Misra currently heads Vedanta's subsidiary Hindustan Zinc and will step down to assume the new role.Vedanta's consolidated net profit rose to 54.73 billion rupees ($572.4 million) for the quarter ended June 30, helped by higher base metal prices.Also read: Vedanta announces demerger of real estate business into new listed companyBase metal prices strengthened in the April-June period due to a mix of supply disruptions and ste