Vedanta stock is highlighted by remarks from Anil Agarwal

Comments by Anil Agarwal regarding the sale of steel assets and Q2 output statistics.

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Vedanta reported a 17% rise in global saleable steel production YoY.

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In the September quarter, Vedanta's YOY climbed to 378 kt due to greater operational effectiveness.

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Increased production capacity following debottlenecking in FY23

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By March 2024, Vedanta plans to divest its steel asset.

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According to Agarwal, the necessary funds will be available to pay back debts.

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At 702 kt, the steel segment had its highest-ever total saleable production.

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4% of the business's operating profit for the entire year comes from the steel division.

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Refinancing and repayment options are available for outstanding debts, according to Agarwal.

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