Vedanta to Raise ₹5,000 Crore via NCDs; Q4 Profit Surges 154% to ₹3,483 Crore
Mumbai – Mining and metals giant Vedanta Ltd has announced plans to raise up to ₹5,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The company disclosed this move in a regulatory filing on Friday, following a meeting of its committee of directors.
According to the filing, the committee approved the issuance of 5 lakh unsecured, rated, listed, redeemable NCDs with a face value of ₹1 lakh each. The debentures will be listed on the Bombay Stock Exchange (BSE).
“The duly authorised committee of directors at its meeting held today has considered and approved the issuance of unsecured, rated, listed, redeemable, non-convertible debentures (NCDs)… aggregating up to ₹5,000 crore,” the company said in the filing.
Strong Q4 Performance: Net Profit Jumps 154%
The announcement comes shortly after Vedanta reported robust financial results for the quarter ended March 31, 2025. The company’s consolidated net profit surged 154.4% year-on-year, reaching ₹3,483 crore, driven by lower production costs and higher volumes.
In the same quarter last year, Vedanta had posted a profit of ₹1,369 crore.
Revenue also saw an increase, rising to ₹41,216 crore from ₹36,093 crore in Q4 FY24. This strong performance underscores the company’s operational efficiency and resilience in navigating commodity market volatility.
Debt Position and Demerger Update
As of March 31, 2025, Vedanta's gross debt stood at ₹73,853 crore. The fresh funds raised through NCDs are expected to help the company manage its refinancing needs and strengthen its balance sheet.
Meanwhile, Vedanta is progressing with its previously announced demerger plan, aimed at unlocking value across its diverse business verticals. The demerger is expected to be completed by the end of the second quarter of FY26.
“We are on track to finish the demerger by the second quarter end,” said Vedanta CFO Ajay Goel in an interview with PTI.
About Vedanta Ltd
Led by industrialist Anil Agarwal, Vedanta Ltd is a subsidiary of Vedanta Resources Ltd and a global leader in natural resources and critical minerals. The company operates across key sectors including:
Oil & Gas
Zinc-Lead-Silver
Copper
Iron Ore & Steel
Aluminium
Power
Vedanta has a global footprint, with operations in India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, South Korea, Taiwan, and Japan.
Final Take
With a solid financial performance in Q4 and a major fundraising initiative underway, Vedanta Ltd is positioning itself for future growth while navigating its substantial debt load. The upcoming demerger could further enhance focus and transparency across its diversified businesses, potentially unlocking greater shareholder value.
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