Vedanta Resources Ltd ka Agla Lakshya: Investment Grade Rating!
London mein base Vedanta Resources Ltd. (VRL) ab investment grade credit rating paane ki taraf dekh raha hai. Company ne debt kam karne, Indian subsidiary Vedanta Ltd. mein demerger aur strong financial performance ke basis par yeh target set kiya hai. Matlab, Vedanta ab apni financial position aur strong karne mein lagi hai.
Debt Kam Karne ka Plan
VRL ne kaha hai ki woh FY27 tak apna total debt $5 billion se $3 billion tak laane ke liye committed hai. Iske saath hi, company critical minerals, transition metals, energy aur technology portfolio ko bhi majboot karegi. Unka focus hai ki woh apne karobar ko aur bhi zyada diversify aur strong banayein.
Credit Rating Upgrade ki Umeed
Ek source ke according, Hong Kong aur Singapore mein recently investor conferences mein, VRL ne bataya ki woh apne $550 million ke private credit facility ko, jo August 2026 mein due hai, proactively refinance aur prepay karke immediate credit rating upgrade chahti hai. Company BB levels tak rating upgrade ki taraf dekh rahi hai.
Investment Grade Rating ka Fayda
Investment-grade credit rating ka matlab hai ki company apne financial obligations ko pura karne mein capable hai. Isse institutional investors ke liye yeh ek safe investment ban jaata hai. Iske alawa, company ko kam interest rates par loan mil sakta hai, jisse woh global debt markets mein easily access kar sakte hain.
Current Rating aur Future Plans
Currently, VRL ki credit rating B+ hai by S&P, Fitch & Moody’s. S&P ne FY25 mein company ko 3-notch upgrade bhi diya tha. Company ka target hai ki woh do saal mein investment grade rating achieve kare. VRL banks ke saath milkar $550 million ke private credit facility ko refinance karne par kaam kar rahi hai, jisse unhe $47 million ki savings hone ki umeed hai.
Demerger se Milega Fayda
Vedanta Ltd., apni Indian subsidiary ke through, demerger process ke final stages mein hai. Isse sector-focused, market-leading entities banengi aur existing shareholders ke liye value unlock hogi. Company ko umeed hai ki demerger September 2025 tak complete ho jaega.
Debt Reduction ki Raah Par
Pichle teen saalon mein, company ne debt kam karne aur refinance karne par focus kiya hai. March 2022 se March 2025 ke beech, VRL ne apna net debt $8.9 billion se $5 billion tak kam kiya hai, jo ki ek decade mein sabse kam hai.
Financial Performance
FY25 mein, VRL ne apne entire $3.1 billion bond portfolio ko refinance kiya, jisse average coupon rate mein 250 bps ki kami aayi aur maturity FY34 tak extend hui. Isse company ke credit profile ko aur bhi improve karne mein madad milegi. VEDL ke management ne kaha hai ki 6% yield ka dividend VRL mein $800 million ka receipt contribute kar sakta hai.
