Earlier in May, the company announced plans to raise up to Rs 8,500 crore to reduce its debt, with shareholder approval secured last month. Vedanta is currently engaged in several growth projects, aiming for a long-term capital expenditure of around $8 billion. For the current fiscal year, Vedanta’s capital expenditure target is approximately $1.9 billion, marking an increase of over a third from the $1.4 billion spent last year.
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