Sub: Intimation under Regulation 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that CRISIL Ratings has upgraded its long-term rating of the Company to 'CRISIL AA' from 'CRISIL AA-', and has revised the outlook to 'Stable' from 'Positive' on February 25, 2022 as below:
Name of Company
Rating
Vedanta Limited
CRISIL AA / Stable /CRISIL A1+ (upgraded from CRISIL AA-/ Positive
/ CRISIL A1+)
The same can be accessed at: https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/VedantaLimited_Febr uary%2025,%202022_RR_287959.html
We request you to kindly take the above information on record.
Thanking you,
Yours faithfully,
For Vedanta Limited
PRERNA
HALWASIYA
Digitally signed by PRERNA HALWASIYA
Date: 2022.02.25 08:31:32 +05'30'
Prerna Halwasiya
Company Secretary & Compliance Officer
Sensitivity: Public (C4)
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Vedanta Limited published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 05:51:01 UTC.
Vedanta Limited is India's leading of nonferrous metal production. Net sales break down by family of products as follows:
- aluminum (32.1%);
- zinc (25.8%);
- copper (11.8%);
- iron ores (3.2%);
- other (5.5%).
The remaining sales (21.6%) are from a energy production and oil and gas exploration activities.
Net sales are distributed geographically as follows: India (65.1%), China (4.2%), Malaysia (5.4%), United Arab Emirates (1.1%) and other (24.2%).