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Vedanta reduces debt by over Rs 4,000 crore in FY17

20 Jun 2017 Evaluate

Vedanta’s gross debt has come down by over Rs 4,000 crore during the 2016-17 fiscal and further reduced by Rs 6,200 crore since April 1 this year. In 2016-17, the company performed well, both on volumes and costs. The Indian zinc operations, aluminium, power and copper all reported record production.

Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.


Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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