Debt at Vedanta Resources - the parent firm of the Mumbai-listed mining conglomerate Vedanta Ltd - has been cut by $4.7 billion in two years as financial discipline helped deleverage the group, its chairman Anil Agarwal said.
In a letter to shareholders, he said Vedanta Ltd delivered its highest-ever EBITDA of Rs 20,639 crore in the first half of the current fiscal year as a result of "focus on achieving higher production levels, driving operational excellence, and successfully navigating a dynamic global environment".
Vedanta's aluminium and zinc production volumes have reached record levels.
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