Will Vedanta’s chip plans hit its liquidity?

Mining mogul Anil Agarwal-led Vedanta Resources’ credit profile will unlikely be weighed down by the group’s planned Rs 1.54 lakh crore foray into semiconductor manufacturing, S and P Global Ratings said on Monday. “This is because the company has reiterated that the $20 billion related investment will be carried out outside of Vedanta Resources. “The business will be undertaken in a separate entity under Vedanta Resources’ holding company Volcan Investments Ltd,” it said.