Vedanta considers the 1st dollar bond sale of $500 million

25 Jun 2024 CW Team

According to two people familiar with the plan, the Indian mining business headed by billionaire Anil Agarwal is thinking of launching its first foreign offering of bonds worth at least $500 million. According to people speaking about private matters, Vedanta Ltd. is debating the strategy with financiers and getting legal advice over the possible sale. One of the people said that the bond offering may reach $1 billion, depending on investor reaction. According to the persons, the corporation is also looking into alternative funding options, including equity sales and local currency loans from domestic banks. The announcement coincides with the fact that, according to Bloomberg statistics, four high-yield dollar bonds offered by Vedanta Resources Ltd., the parent company of Vedanta, are now the best-performing Indian securities this year. The holding business successfully restructured its offshore bonds earlier this year. In the past, Vedanta Ltd. has borrowed money in rupees from local lenders and sold bonds denominated in local currency. The company's board of directors authorised the sale of local, non-convertible debentures for $120 million last week. Aluminium, oil and gas, iron, copper, and semiconductors are among the commodities in which Vedanta has interests. Although it operates mostly in India, it also has activities in Namibia, South Africa, and Liberia. During a conference call with investors on April 25, Executive Director Arun Misra stated that Vedanta is expecting $1.9 billion in capital expenditures in 2024?2025. The money for the expansion would come from the issue of dollar bonds. Agarwal is seeking to split the firm into six distinct business groups as part of a reorganisation that was revealed last year. Vedanta Ltd. would be in charge of the semiconductor, zinc, and stainless steel businesses. According to the corporation, the separation will be finished in the March 2025 fiscal year.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..