Vedanta Secures Highest Credit Rating Since 2014

28 May 2026 CW Team

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of key group entities. Vedanta Limited and Vedanta Aluminium Metal Limited have been upgraded to AA+ with a Stable outlook, while Talwandi Sabo Power Limited was upgraded to AA-/Stable from A+/Watch Developing. The group’s short-term rating was reaffirmed at A1+, the highest category.

The rating action marks Vedanta’s highest domestic credit rating since 2014. The two largest businesses emerging from the demerger framework, which together account for over 75 per cent of the group’s long-term debt, have now secured AA+ ratings.

ICRA cited stronger profitability, robust operational performance, improved liquidity and enhanced financial flexibility across key businesses. It expects these trends to continue through FY27, supported by favourable commodity dynamics, better cost structures and strong earnings visibility across aluminium, zinc and oil and gas businesses.

The agency also noted Vedanta’s improved refinancing profile, supported by lower borrowing costs, proactive debt repayments and extended maturities. Average interest costs declined by around 200 basis points in FY26, strengthening debt servicing and reducing refinancing risk at the promoter level.

ICRA removed the Watch on the ratings following the demerger, effective 1 May. The restructuring is expected to create more focused and independently scalable businesses with improved capital allocation discipline and financial flexibility.

The upgrade comes amid growing interest from domestic and international banks and financial institutions in Vedanta’s refinancing plans. Global rating agencies S&P, Moody’s and Fitch have also upgraded Vedanta Resources over the past two months, reflecting stronger confidence in the group’s liquidity, financial profile and long-term growth outlook.

Infrastructure Energy

28 May 2026

NSW Launches 2.5 GW Renewable Tender And 12 GWh Storage

New South Wales has opened a pair of record tenders seeking two point five gigawatts (GW) of new renewable generation and 12 gigawatt?hours (GWh) of long?duration storage to accelerate its clean energy transition. The generation auction, Tender 8, is the largest launched under the NSW Electricity Infrastructure Roadmap and is being managed by independent consumer trustee AusEnergy Services Limited (ASL). The storage contest, Tender 9, seeks up to 12 GWh of additional storage and follows a decision to unlock an extra 50 per cent of capacity above baseline planning targets. Officials indicated t..

Jharkhand Researchers Develop Eco-Friendly Solar Cell

A team from the Department of Energy Engineering at the Central University of Jharkhand (CUJ) has developed an eco-friendly solar cell that uses a plant-based natural dye extracted from the petals of Mirabilis jalapa (commonly known as Gulabbas or Four O'Clock Flower). The researchers described the work as part of ongoing laboratory studies to explore sustainable alternatives to conventional photovoltaics. The device builds on dye-sensitised solar cell concepts adapted for locally available botanical materials. The lead researcher said the developed solar cell had achieved a highest power conv..

Gwalior Floats Rs 99.8 mn Tender For Two MW Solar Plant

The Gwalior Municipal Corporation has issued a Notice Inviting Tender under a Request For Proposal to appoint an agency to develop a grid-connected solar power project at Manpur. The scheme calls for a two Megawatt AC on-grid ground-mounted solar photovoltaic plant, with a 20 per cent DC oversizing that raises the total DC capacity to two point four Megawatt (MW). The selected developer will be responsible for detailed design, construction and all associated infrastructure works required for grid integration. The original tender document was dated eight June 2024 and was digitally updated in M..