Following the initiative, the Anil Agarwal-controlled company's gross debt has now fallen to $6.8 billion as of Monday, down from $7.8 billion as of March-end.
The debt is lower by $2.9 billion from $9.7 billion recorded as of March-end 2022, VRL said in a statement.
The company has reduced debt by $3 billion since February 2022, when it announced plans to reduce debt by $4 billion in three years. Vedanta has achieved 75% of its committed reduction in 14 months, it said.
"During the balance of FY24, we believe that strong operational performance from our world-class asset base coupled with robust commodity prices will lead to further deleveraging at Vedanta," it added.
هذه القصة مأخوذة من طبعة April 25, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 25, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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