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VEDL - Vedanta: Attractive Valuation Allows For 15% Returns Over The Next 5 Years
Vedanta Limited American Depositary Shares (Each representing four equity shares)
Thesis
Vedanta Limited (VEDL) is one of the largest diversified resource producers globally. Although their parent company Vedanta Resources (VDNRF) is based in London, its focus and main operations are in India, where it owns many top-tier large production mines (along with South Africa, which we will look at shortly). Due to the low operating costs in many of them, the company becomes a cash cow when metal prices are high, and they are protected against any downturn in the markets. In fact, the CEO Anil Agarwal had even said: