{"id":571652,"date":"2023-04-25T09:49:43","date_gmt":"2023-04-25T04:19:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=571652"},"modified":"2023-04-25T10:19:27","modified_gmt":"2023-04-25T04:49:27","slug":"vedanta-resources-reduces-debt-by-1-billion-to-6-8-billion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-resources-reduces-debt-by-1-billion-to-6-8-billion\/","title":{"rendered":"Vedanta Resources reduces debt by $1 billion to $6.8 billion"},"content":{"rendered":"<p>Billionaire Anil Agarwal-owned Vedanta Resources on Monday announced that it has reduced its gross debt burden by $1 billion to $6.8 billion and the robust commodity prices would lead to further deleveraging.<\/p>\n<p>The debt-laden Vedanta Resources in February 2022 announced its intention to accelerate deleveraging. Since then, the company has reduced its debt cumulatively by $3 billion. At the end of March 2022, Vedanta Resources debt stood at $9.7 billion.<\/p>\n<p>\u201cVedanta\u2019s gross debt stands at $6.8 billion as of today, down from $7.8 billion at the end of March 2023 (as announced on 15th February) and down from $9.7 billion at the end of March 2022,\u201d London Stock Exchange-listed Vedanta Resources Limited said in a regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Anil Agarwal-owned Vedanta Resources on Monday announced that it has reduced its gross debt burden by $1 billion to $6.8 billion and the robust commodity prices would lead to further deleveraging. The debt-laden Vedanta Resources in February 2022 announced its intention to accelerate deleveraging. Since then, the company has reduced its debt cumulatively by $3 billion. At the end of March 2022, Vedanta Resources debt stood at $9.7 billion. \u201cVedanta\u2019s gross debt stands at $6.8 billion as of today, down from $7.8 billion at the end of March 2023 (as announced on 15th February) and down from $9.7 billion [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-571652","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571652","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=571652"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/571652\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=571652"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=571652"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=571652"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}