NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
We visited Vedanta Ltd.'s world-class assets in Odisha and Rajasthan and saw operations of its-
Aluminium smelter which is the world's largest single-location smelter located at Jharsuguda, Odisha placed at 1st quartile of the cost curve,
SK Mine at Dariba, Rajasthan, which is one of the largest zinc-lead producing assets globally and world's second-largest silver producing mine, and lastly,
Its oil and gas operations at Cairn India, which included Mangala well pads, Central polymer facility, and Mangala processing terminal visit.
Vedanta Resources Ltd. has de-levered its balance sheet by $3.7 billion to $6.0 billion in the last two years. In Jan-Feb-24, the company managed to reprofile and smoothen its near-term bond maturities of ~$4 billion via a successful liability management exercise. Since Feb, 01 2024, the stock has outperformed the broader index and has delivered a 64% return to date post the liability management exercise.
The outperformance was also aided by the recent rally of its underlying commodities, mainly Aluminium, Zinc, and Silver prices.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
