Growth capex commitment to provide comfort on capital allocation Vedanta (VEDL)'s 1QFY22 result highlights the benefit of higher commodity prices, as EBITDA rose 9% QoQ to INR98.7b, the highest ever. Net debt/EBITDA also declined to 0.6x, the lowest in the last four years. The management's intention to service the holding company's debt by way of dividend payments provides comfort on the capital allocation and should lead to higher dividend payouts. Moreover, the announced growth...