Vedanta expects zero net debt by December
Vedanta is on track to eliminate its net debt by the end of December following strong quarterly earnings and robust cash generation. CEO Arun Misra stated the milestone caps a years-long deleveraging drive.
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VEDANTA LTD is on track to eliminate net debt by December-end after lowering obligations by 95.84 billion rupees ($1B). The milestone caps a multi-year deleveraging drive by the natural resources conglomerate in India. Achieving a net-zero debt position will reduce borrowing costs as the firm accelerates its growth projects.
