It had introduced plans to cut back debt by USD 4 billion inside 3 years.
“Vedanta has thereby achieved 75 per cent of its dedicated discount in simply 14 months,” the agency stated in an announcement.
The agency’s gross debt now stands at USD 6.8 billion, down from USD 7.8 billion on the finish of March 2023 and from USD 9.7 billion on the finish of March 2022.
“Throughout the stability of FY24, we imagine that sturdy operational efficiency from our world class asset base coupled with sturdy commodity costs will result in additional deleveraging at Vedanta,” the assertion stated.
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