Section

Vedanta to save Rs 1,000 crore in interest costs yearly on debt repayment

By Economic Times - a month ago
Vedanta expects to save ₹1,000 crore annually in interest costs after utilizing proceeds from a recent ₹8,500 crore fund-raising to repay debt. Their June quarter profit surged 54%, while margins hit a seven-quarter high. This financial improvement follows significant debt reduction measures and a strategic focus on refinancing existing loans.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.