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Vedanta’s parent company reduces gross debt by $1 billion

25 Apr 2023 Evaluate

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.

Vedanta Share Price

772.20 1.55 (0.20%)
21-Apr-2026 12:27 View Price Chart
Peers
Company Name CMP
Hindalco 1021.85
Vedanta 772.20
Hindustan Zinc 595.00
Jain Resource Recycl 418.50
Gravita India 1667.45
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