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Vedanta Resources
Vedanta Chairman Anil Agarwal on Monday hinted at a possible overseas relisting of parent Vedanta Resources and laid out an ambitious expansion roadmap across businesses, saying each vertical has the potential to become a USD 100 billion opportunity over time as the group scales up operations in metals, mining, oil and gas, power and critical minerals. Agarwal said relisting of Vedanta Resources, which was delisted from the London Stock Exchange, is not an immediate plan but may complete in three years time. "I'm very pleased, we have delisted our company in London, which was a FTSE 100 company. It's (listing) not on the card, but there is a potential that we can list, relist that company, maybe in America, maybe somewhere else, can create a phenomenal value," Agarwal said in an interview with PTI. He also said that the group company is currently having a revenue of USD 23-24 billion, and aims to take it to USD 50 billion. On Monday, Vedanta group's four demerged entities -- Vedant
Vedanta Ltd on Monday said its committee of directors has approved raising up to Rs 2,575 crore through issuance of debentures. The fundraising is part of Vedanta's efforts to diversify funding sources and strengthen its balance sheet as it continues to refinance debt and reduce borrowing costs. The committee has approved the allotment of 2,57,500 unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1,00,000 each, aggregating to Rs 2,575 crore on a private placement basis, a BSE filing said. Vedanta has seen strong investor interest in recent debt issuances. In October 2025, its USD 500 million bond issue was oversubscribed three times, while an NCD offering in June last year saw nearly 60 per cent oversubscription. The company has been gradually deleveraging its balance sheet. Vedanta Resources Ltd, the parent of Vedanta Ltd, has reduced net debt to about USD 4.8 billion as of December 2025 from about USDS 8.9 billion in March 2022. The sustained
S&P Global Ratings has upgraded its rating outlook on Vedanta Resources to 'positive' from 'stable'. In a statement, the rating agency said it has also affirmed the issue rating of 'B' on the Vedanta Resources' senior unsecured notes. S&P has cited factors like a timely ramp-up of Vedanta Resources' recently commissioned facilities in the aluminium business, which will improve the company's cost structure and support its earnings and cash flow. It has also noted the lower interest expenses at the holding company level, that will aid in deleveraging the balance sheet. "The positive rating outlook reflects the potential for an upgrade if Vedanta Resources continues its track record of reducing debt at the holding company and operating at a lower consolidated leverage, even as it pursues growth opportunities. "This could materialise as the company improves its cost structure from deeper backward integration. In our base case, we see a path for the company's FFO-to-debt (funds ...
Anil Agarwal-led Vedanta Ltd has pushed the deadline for its demerger to March-end next year as the approvals from the National Company Law Tribunal and government authorities are still pending, the company has said in a regulatory filing. The deadline was earlier extended from March 31, 2025 to September 30 this year. "Given that the conditions precedent in the Scheme, including approval of the National Company Law Tribunal, Mumbai Bench (NCLT) and approvals from certain government authorities are in the process of being completed, the board of the company and the resulting companies...have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025 to March 31, 2026," Vedanta had said in a filing this week. The approval of the demerger proposal will pave the way for the company's various business verticals to become separate entities. Vedanta Resources CEO Deshnee Naidoo had earlier exuded optimism that the demerger of its Indian arm Vedanta
Mining conglomerate Vedanta Resources has raised USD 500 million through the sale of a seven-year US dollar-denominated bond issue, which was oversubscribed three times. Vedanta Resources Finance II plc, a subsidiary of Vedanta Resources, said in an exchange filing that its USD 500 million bond issue attracted bids exceeding USD 1.6 billion, more than triple the issue size. The net proceeds from the offering will be used to repay existing debt and for general corporate purposes. With this offering, Vedanta has raised USD 3.6 billion from international bond markets in the last 14 months and, in the process, ensured a spread-out debt maturity profile. "The bonds received final orders of over USD 1.6 billion, recording more than 3x oversubscription from existing as well as a new set of investors across APAC, EMEA and the US, with 97 per cent participation from asset managers/fund managers, highlighting the confidence of investors in the Vedanta story," the statement said. The final .
Vedanta has secured a manganese block in Andhra Pradesh through the auction route. The Punnam manganese block spans 152 hectares and is currently at the G4 level of exploration. The G4 level of exploration, known as reconnaissance, is the broadest and earliest stage of mineral exploration where broad areas are surveyed to identify potential mineral-rich regions. "The company has been declared as the preferred bidder for the Punnam Manganese block in Andhra Pradesh by the Department of Mines & Geology," Vedanta has said in a filing to BSE on Thursday. Grant of the composite license will be subject to fulfilment of conditions, including submission of a performance bank guarantee, statutory clearances, and execution of required agreements with the state government, the filing said. A composite license, officially called a prospecting licence-cum-mining lease, is a two-stage mining concession that grants the holder the right to both prospect (explore and determine the extent of a ...
London-based Vedanta Resources Limited (VRL), the parent firm of Mumbai-listed mining conglomerate Vedanta Ltd, has secured a term loan facility of up to USD 600 million that will be used to refinance a high-cost private credit facility, according to a communication sent to bondholders. The first tranche of USD 380 million has been committed, with the remaining USD 220 million expected to be finalised shortly with other participating banks. Lenders for the USD 380 million facility comprise a consortium of Gulf, Japanese, and European banks, including First Abu Dhabi Bank, Mashreq, Sumitomo Mitsui Banking Corp, and Standard Chartered. "The facility carries a door-to-door tenor of over four years, with an average maturity of approximately three years and a pricing of SOFR (Secured Overnight Financing Rate) plus 450 basis points. "This proactive refinancing, combined with internal cash flows, positions us to fully repay the PCF facility - substantially enhancing our credit profile by
London-based Vedanta Resources Ltd on Monday said it has registered a profit of USD 1,617 million in the year ended March 2025, driven by favourable commodity prices, higher premiums and operational efficiencies. In contrast, the company had posted a loss of USD 400 million in FY24. The revenue of the company rose by 6 per cent to USD 18,220 million, compared to USD 17,128 million a year ago. "Revenue for fiscal year 2025 stood at USD 18.2 billion, up 6 per cent on a YoY basis," the company said in a release. Vedanta Resources Chairman Anil Agarwal said, "The world around us is moving fast. There are big changes in geopolitics and geoeconomics. Some may view them as a challenge. We view them as opportunities." Looking ahead, he added, "For Vedanta, this is the right moment to transform itself into a natural resources, energy and technology company. Vedanta 2.0 will have a key role in each of the most crucial levers of the economy. "We are also in the process of demerging our busi