In New Delhi, the mining conglomerate Vedanta Ltd announced on Friday that its committee of directors has approved a plan to raise up to Rs 5,000 crore through the issuance of debentures. According to a regulatory filing by Vedanta, the committee sanctioned the issuance of 5 lakh unsecured, rated, listed, redeemable non-convertible debentures (NCDs), each with a face value of Rs 1 lakh, on a private placement basis.
The filing stated that the authorized committee of directors, during its meeting, considered and approved this issuance of NCDs, which will total up to Rs 5,000 crore. These debentures are set to be listed on the BSE.
Vedanta Ltd, a major player in the mining sector, reported a 154.4 percent increase in consolidated net profit, reaching Rs 3,483 crore in the March quarter. This growth was attributed to reduced production costs and higher volumes. The company had previously posted a net profit of Rs 1,369 crore in the same period last year. Vedanta’s income during the January-March period rose to Rs 41,216 crore, up from Rs 36,093 crore the previous year. As of March 31, 2025, the company’s gross debt amounted to Rs 73,853 crore.
Led by Anil Agarwal, Vedanta Ltd anticipates completing the demerger of its businesses by the end of September, as noted by a senior company official. CFO Ajay Goel stated in an interview with PTI that the company remains on track to finalize the demerger by the end of the second quarter.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is among the world’s leading companies in natural resources, critical minerals, energy, and technology. It operates across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan, with significant involvement in sectors such as oil and gas, zinc, lead, silver, copper, iron ore, and steel.
