Mining company, Vedanta has beaten all analyst estimates to post a 187 per cent increase in it annual earnings per share.

Vedanta is India-focused and has been trying for long to start a big project in Orissa. But due to environment and humanitarian issues, it has failed to do so.

Meanwhile, it has also posted three-fold increase in its net profit which stood at $602.3 million during the last fiscal.

This increase is the result of rising demand for metals and also rebounding of the metal prices. It saw $219.4 million profit during last fiscal.

Talking about this, Anil Agarwal, Chairman of Vedanata Resources Plc. Said that the low-cost position of the company coupled with various sources of income and record production, has helped in gaining such results.

He further added that Vedanta has seen an overall growth in all its segments and that is definitely good sign for the company.

Vedanta mines all types of minerals and has seen record production levels in iron ore, aluminium, zinc and lead.

While the iron-ore supply rose by 34 per cent, aluminum went up by 15.4 per cent and zinc stood at 4 per cent.