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CRISIL Upgrades Vedanta Group Companies, Reflecting Stronger Financial Position
Photo: Hindustan Times
2026-07-17 22:49   Business   10

CRISIL Upgrades Vedanta Group Companies, Reflecting Stronger Financial Position

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.

Full reading at Hindustan Times

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