Vedanta's Strategic Deleveraging Sparks Growth and Sustainability Initiatives

Vedanta Resources has managed to cut its debt by $4.7 billion within two years, thanks to strong financial discipline and strategic measures. The company achieved record-high EBITDA and production levels while focusing on sustainability and restructuring. A planned demerger aims to simplify operations and enhance growth prospects.

Vedanta Resources, the parent company of Vedanta Ltd, has successfully reduced its debt by USD 4.7 billion over the past two years, attributed to robust financial discipline, according to Chairman Anil Agarwal's statement.

Agarwal highlighted Vedanta Ltd's outstanding EBITDA performance of Rs 20,639 crore in the first half of the current fiscal year, emphasizing its dedication to boosting production, operational excellence, and strategic adaptability to global market dynamics.

The conglomerate's record production in aluminium and zinc sectors underscores its commitment to sustainable practices, notably aiming to double zinc production and increase aluminium smelter capacity, aligning efforts with India's self-reliance in critical minerals and renewable energy utilization.

(With inputs from agencies.)