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Tag Archives: Vedanta Ltd

Vedanta secures Rs 3,918 crore loan from PFC to propel power projects’ expansion

NEW DELHI, APRIL 15, 2024 (TBB BUREAU): In a significant development for the energy sector, billionaire Anil Agarwal-led mining conglomerate Vedanta Ltd has successfully secured a long-term loan of Rs 3,918 crore from Power Finance Corporation Ltd (PFC), according to sources familiar with the matter. The 11-year term loan marks a crucial milestone for Vedanta, facilitating the acceleration of its ...

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Vedanta’s project pipeline poised to boost topline by $6 billion, EBIDTA by $2.5-3 billion

TBB BUREAU MUMBAI, MAR 27, 2024 Mining conglomerate Vedanta Ltd has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and incremental USD 2.5-3 billion of annual EBITDA upon completion, a top company executive said at an investor event. These growth initiatives, which the ...

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