Vedanta to save Rs 1,000 crore in interest costs yearly on debt repayment

Vedanta expects to save ₹1,000 crore annually in interest costs after utilizing proceeds from a recent ₹8,500 crore fund-raising to repay debt. Their June quarter profit surged 54%, while margins hit a seven-quarter high. This financial improvement follows significant debt reduction measures and a strategic focus on refinancing existing loans.