Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel

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Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel - Business Standard

Quick Summary:

Anil Agarwal-led Vedanta Resources Ltd (VRL), as part of its deleveraging exercise, has proposed to repay USD 920-million debt in the current fiscal year and about USD 675 million in the next, a company official said.

The company has been gradually deleveraging its balance sheet, improving its capital structure, and lowering its financial costs by tapping bond markets as part of its liquidity management exercise.

In a Q4 earnings conference call, Vedanta's Chief Financial Officer Ajay Goel said, "So USD 920 million is a debt repayment to do in the current year.