Vedanta Resources (VRL), the London-headquartered metals and mining firm, is expected to encounter funding gaps of $850 million in FY25 and $1.4 billion in FY26, according to a report by CreditSights. While the firm’s recent bond restructuring has eased short-term refinancing risks, access to funding remains constrained, and its interest burden remains high. CreditSights identified...
READ MOREVedanta Copper International, a subsidiary of Vedanta Limited, has signed a significant $2 billion agreement with Saudi Arabia to develop major copper projects. As part of the deal, Vedanta will establish a copper smelter and refinery in Saudi Arabia, with a production capacity of 100,000 tonnes per year. In addition, the company will set up...
READ MOREVedanta Resources is proceeding with its second dollar bond offering in two months, gauging investor interest in Indian offshore debt shortly after the US indictment of Adani Group founder Gautam Adani. The London-based mining company, which operates mainly in India, is issuing a callable note through one of its units, according to sources familiar with...
READ MOREMining major Vedanta Ltd announced on October 18 plans to invest ₹1 lakh crore (approximately $12 billion) in Odisha, marking the largest investment ever in the eastern state and creating 200,000 new jobs. The investment will be directed towards establishing a 6-million-ton-per-annum alumina refinery and a 3-million-ton aluminum plant, with a focus on producing green...
READ MOREVedanta announced that its aluminium production for the July-September period totaled 609,000 tonnes, marking a 3% increase compared to the same period last year. The company’s total aluminium production in the first half of the current financial year reached 1.21 million tonnes, also reflecting a 3% year-on-year growth. During the September quarter, alumina production from...
READ MORE
