According to Moody's Friday report, VRL's cash needs for the fiscal ending March 2024 remains large and include cross-border bonds of $400 million and $500 million due in April and May 2023, respectively, and a $1-billion bond maturing in January 2024. The company also has an estimated $1.1 billion in term debt, $450 million of an inter-company loan, and an estimated interest bill of at least $600 million.
VRL is the parent company of Indian mining major Vedanta Ltd, which holds a 65% stake in Hindustan Zinc.
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