Vedanta on Track to Eliminate Net Debt by Year-End, CEO Says
CEO Arun Misra said Vedanta is on track to eliminate net debt by year-end after reducing it sharply through strong earnings and cash generation.
By Anuran SadhuVedanta NSE:VEDL is on track to eliminate net debt by the end of the year after lowering it sharply due to strong earnings and cash generation, CEO Arun Misra said on Wednesday.The milestone would cap a years-long deleveraging drive at Vedanta. A net cash position could also boost fi…