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.
Denne historien er fra April 25, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra April 25, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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