Vedanta to issue NCD worth Rs 4,089 crore

4 Jun 2022 , 11:15 AM

The NCDs have a credit rating of ?CRISIL AA/Stable?. They will mature after 10 years from the deemed date of allotment. Vedanta, a subsidiary of Vedanta Resources, is one of the worlds leading oil & gas and metals company with significant operations in oil & gas, zinc, lead, silver, copper, iron ore, steel, and aluminium & power across India, South Africa and Namibia. The company reported 10% drop in consolidated net profit to Rs 5,799 crore on a 41% increase in revenue from operations to Rs 39,342 crore in Q4 FY22 over Q4 FY21. The scrip fell 1.49% to end at Rs 316.75 on the BSE on Friday. Powered by Capital Market – Live News