The natural resources major had a gross debt of ₹75,227 crore - or more than $9 billion - as of December-end. Net det was ₹62,493 crore - just shy of $8 billion. Last year, Vedanta had also announced it is looking to sell its steel business. Goel said that the process for the asset sale is underway, and that Vedanta will have a "firm proposal" by the end of the current quarter, and the deal is likely to be finalised by April-May. The company acquired Electrosteel Steel through the insolvency process in 2018. Read The Rest at :
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