Vedanta Profit: Vedanta, a subsidiary of Vedanta Resources Ltd, is a diversified global natural resources company with significant operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power across India, South Africa and Namibia.
Over the course of four decades, Agarwal painstakingly built Vedanta into a $10 billion conglomerate. However, facing the risk of overwhelming debt, he is now considering dismantling the company. The pressure is escalating on this entrepreneur who began his journey as a scrap metal trader. Specifically, there is a looming challenge: a $1 billion payment due in January, with $600 million still unfunded. This deficit might necessitate the sale of assets. One potential solution to alleviate the debt burden could involve separately listing different business segments, effectively tackling the financial challenges confronting the company.
Over the course of four decades, Agarwal painstakingly built Vedanta into a $10 billion conglomerate. However, facing the risk of overwhelming debt, he is now considering dismantling the company. The pressure is escalating on this entrepreneur who began his journey as a scrap metal trader. Specifically, there is a looming challenge: a $1 billion payment due in January, with $600 million still unfunded. This deficit might necessitate the sale of assets. One potential solution to alleviate the debt burden could involve separately listing different business segments, effectively tackling the financial challenges confronting the company.
Diversified natural resources company Vedanta Ltd has reported a significant improvement in its ranking in S&P Global s 2023 corporate sustainability assessment. Vedanta achieved a score of 81 points this year, up from 76 points in the previous year, surpassing its global peers.