Vedanta's Sesa Goa unit swings to full-year loss

Sesa Goa, India's largest iron-ore producer part-owned by mining giant Vedanta Resources, swung into the red in the year to March 31st as operations were hit by suspensions.

Sesa Goa, India's largest iron-ore producer part-owned by mining giant Vedanta Resources, swung into the red in the year to March 31st as operations were hit by suspensions.

The company swung to net loss of 131 crores (£15.6m) from a profit of 2,108 crores (£251m) the year before as a ban on iron-ore mining in Karnataka and Goa pushed sales volumes down 80%.

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