Vedanta Resources Ltd (VRL), the parent company of Indian listed entity Vedanta Ltd has reduced its net debt by around $300 million in the first half of FY 22 and expects to further reduce its debt by around $500 million in the next half.
“Vedanta Resources believes that strong operational performance from our world class asset base will strengthen our balance sheet and lead to investment grade credit metrics,” VRL said in a statement on Monday.
With the entire debt repayment at Volcan, the pledge on all the equity shares of VRL has been released, the company said in the statement.
