Vedanta Resources to deleverage debt by USD 3 billion over 3 years

Vedanta Resources is a diversified conglomerate with operations in various sectors such as mining, oil and gas, power generation, and aluminum production. The company has recently announced its plans to deleverage its debt by USD 3 billion over the next three years.

To achieve this goal, Vedanta Resources will manage the maturities of USD 1,100 million and close to USD 750 million of interest servicing through a combination of brand fees, dividends from operating companies, asset monetization, and other strategic initiatives.

Brand fees refer to the revenue generated by the company's brands, which include Vedanta Limited, Cairn Energy, and Hindustan Salts. Dividends from operating companies are payments made by subsidiary companies to their parent company as a share of their profits. Asset monetization involves selling non-core assets such as real estate or investments to generate cash. Other strategic initiatives may include restructuring debt, selling off underperforming businesses, or exploring new business opportunities.

By implementing these strategies, Vedanta Resources aims to reduce its debt levels and improve its financial position. This will enable the company to invest more in growth opportunities and create value for its shareholders.