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19 Jun

Vedanta eyes autumn steel plant demerger completion

Indian miner Vedanta Limited plans to divest from its steel business by end-September, company chairman Anil Agarwal has reaffirmed. The move is part of the company’s plan to reduce outstanding debt, Kallanish notes. It is also part of the company’s broader strategy to streamline its business and boost operational efficiency. The company aims to spend $1.9 billion on capital expenditure in the fiscal year through March 2025 (FY25) and wants to reduce i…
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