Vedanta, demerged Vedanta Aluminium, Vedanta Oil & Gas get rating upgrades from CRISIL
CRISIL has upgraded ratings for Vedanta Aluminium Metal and Vedanta Oil and Gas. These upgrades reflect stronger business and financial risk profiles for the demerged entities. Hindustan Zinc Ltd continues to be fully consolidated with Vedanta due to strong integration. Vedanta's financial risk profile has improved significantly after the demerger. Ongoing exploration programs are expected to support production sustainability and reserve replacement.
