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VRL Eyes Credit Rating Upgrade
Mint Mumbai
|June 11, 2025
London-based Vedanta Resources Ltd (VRL) is targeting an investment grade credit rating on the back of its sustained deleveraging, the proposed demerger at its Indian subsidiary, Vedanta Ltd, and its robust growth, operational efficiencies and strong financial performance.
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VRL is committed to reducing its total debt from the current $5 billion to $3 billion by FY27 while strengthening its critical minerals, transition metals, energy and tech portfolio.
This story is from the June 11, 2025 edition of Mint Mumbai.
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