19 Apr 2022 , 01:31 PM
Ind-Ra continues to take a consolidated view of VDL and its subsidiaries, together referred to as the VDL group, due to the strategic, operational and financial linkages among them. The agency also factors in the debt of the parent company, Vedanta Resources Limited (VRL), while arriving at the ratings.
The ratings reflect the group’s continuous deleveraging, Ind-Ra’s belief that the consolidated operational cash flow is likely to have improved in FY22, and the agency’s expectation of further improvement in the same in FY23, following a significant increase in the operating profitability, led by high metal prices, though the impact of the same has partly been offset by raw material input inflation.
At around 1:09 PM, Vedanta was trading at Rs434.30 apiece up by Rs10.3 or 2.43% on the BSE.
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