Vedanta to consolidate metals biz into 3 arms

VEDANTA Resources has decided to revamp its corporate structure by consolidating its metals operations into three verticals. Sterlite Industries would focus on copper and zinc, Vedanta Aluminium would deal with aluminium, and the third vertical would concentrate on iron ore. The move will help simplify the corporate structure, cut costs and ensure fewer cross-holdings, while also providing dedicated teams for aluminium, iron ore and copper & zinc businesses.