News

Vedanta's Financial Moves: NCDs and Loans

April 18, 2024, 3:53 am
Vedanta Limited, a mining giant, is making strategic financial moves to secure its future. The board has approved raising up to Rs 2,500 crore through NCDs on a private placement basis. Additionally, Vedanta has secured an 11-year Rs 3,900 crore loan from PFC, further strengthening its financial position. With a pipeline of over 50 active projects, Vedanta is poised for significant growth, projecting incremental revenue of over $6 billion and annual EBITDA of $2.5-3 billion upon completion. Vedanta's financial maneuvers indicate a proactive approach to sustaining and expanding its operations in the competitive market landscape.