Vedanta Resources cuts debt by $4.7 billion, plans production boosts and corporate restructuring.

Vedanta Resources, a major mining company, has reduced its debt by $4.7 billion over two years through financial discipline, achieving its highest-ever EBITDA of ₹20,639 crore. The company plans to boost production at its subsidiaries and increase use of renewable energy, supporting India's self-reliance in minerals and energy. Vedanta also aims to simplify its corporate structure by separating its businesses into six independent companies.

November 10, 2024
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