CRISIL Ratings has upgraded the credit ratings of key Vedanta Group entities, including Vedanta Limited, Vedanta Aluminium, and Vedanta Oil & Gas, marking a significant improvement in their financial standing.
The upgrades reflect the group's enhanced financial position following structural changes, reduced leverage, and sustained earnings across core businesses.Vedanta Limited received its highest long-term rating (AA+/Stable) since 2014, supported by strong balance sheet metrics like net leverage of 0.7x as of March 31, 2026.
The company's diversified operations, including a 61% stake in Hindustan Zinc and businesses spanning copper, nickel, and critical minerals, further bolster its financial profile.
Vedanta Aluminium was upgraded to AA+/Stable, highlighting its dominance in India's aluminium sector with record EBITDA of ₹25,208 crore in fiscal 2026.Vedanta Oil & Gas also saw an upgrade, with CRISIL noting stable debt levels and strong cash generation post-demerger.The improvements underscore the group's resilience and strategic restructuring, positioning it for sustained growth in key sectors.
Original title: CRISIL upgrades Vedanta Group companies, lifts flagship firm's rating to highest level in over a decade
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