Vedanta’s parent company -- Vedanta Resources has paid all its maturing loans and bonds that were due in April to reduce its gross debt by a further $1 billion. Vedanta has now reduced debt by a total of $3 billion since it announced in February 2022 its intention to accelerate deleveraging. It had announced plans to reduce debt by $4 billion within 3 years. The company has thereby achieved 75 per cent of its committed reduction in just 14 months.
The firm's gross debt now stands at $6.8 billion, down from $7.8 billion at the end of March 2023 and from $9.7 billion at the end of March 2022.
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.
| Company Name | CMP |
|---|---|
| Hindalco | 1021.85 |
| Vedanta | 772.20 |
| Hindustan Zinc | 595.00 |
| Jain Resource Recycl | 418.50 |
| Gravita India | 1667.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: