Credit rating agency -- India Ratings and Research (Ind-Ra) has revised the Vedanta’s outlook to positive from stable. Besides, the long-term issuer rating has been affirmed at ‘AA-’.
The outlook revision reflects a likely improvement in the operational cash flow for FY22 and FY23 because of a significant increase in the operating profitability, led by enhanced volume performance, cost improvements across segments and a sharp recovery in metal prices.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
