Vedanta Aims to Trim Debt by $2 Billion

01 Feb 2024 CW Team

Vedanta Limited is actively pursuing measures to alleviate its debt by potentially reducing it by up to $2 billion. The move is part of the company's strategic efforts to enhance financial resilience and optimize its capital structure in the dynamic metals and mining industry.

Vedanta's focus on debt reduction aligns with prudent financial management and reflects the company's commitment to strengthening its financial position. The exploration of various strategies indicates a proactive approach to navigate market conditions and optimize capital allocation.

As Vedanta assesses options to trim its debt, the decision-making process is likely influenced by a combination of market dynamics, operational considerations, and the broader economic landscape. The company's commitment to debt reduction positions it favorably in addressing challenges and capitalizing on emerging opportunities in the metals and mining sector.

In summary, Vedanta's initiative to cut debt by up to $2 billion underscores its strategic financial planning and adaptability in a competitive industry. The move reflects the company's commitment to maintaining a robust financial profile and leveraging opportunities for sustainable growth in the metals and mining sector.

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..

Government to Launch Coal Gasification Urea Policy

The government will unveil a coal gasification based policy for urea production within one month, aiming to promote the use of domestic coal feedstock in synthetic fertiliser manufacture. The move seeks to enhance self reliance in fertiliser supply and to provide an alternative route to natural gas based synthesis. Officials said the policy will set out technical standards, permitting norms and incentives for projects that adopt coal gasification technology. It will aim to attract investments from both public sector undertakings and private manufacturers. The scheme will address logistical and..