Vedanta to Slash Funding Costs by April

14 Nov 2024 CW Team

Vedanta Resources is working on a strategy to significantly reduce its cost of funding by April 2025. The company's management is focused on optimizing its capital structure and exploring ways to lower borrowing costs, which could include refinancing existing debt and issuing bonds with favorable terms.

The move is part of Vedanta's broader strategy to enhance financial flexibility and reduce the pressure on its balance sheet. By reducing funding costs, the company aims to improve its profitability and free up more resources for growth and investment in its diverse portfolio, including its key operations in metals and mining.

This initiative also comes at a time when Vedanta is navigating a challenging global economic environment. The company is positioning itself to take advantage of favorable market conditions and secure a lower cost of capital, which will aid in strengthening its financial position. The move aligns with Vedanta’s efforts to streamline operations, reduce expenses, and enhance shareholder value in the long term.

Analysts expect that Vedanta’s move to lower its funding costs will improve its credit profile and further boost investor confidence, especially as the company looks to expand its operations in a competitive global market.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..