Anil Agrawal, Chairman of Vedanta Group, said on Tuesday, April 25, that Vedanta Resources Limited (VRL) stands strong and stable and can comfortably take care of its future debt obligations, The Economic Times (ET) has reported. He added that there should be no doubt about the company's ability to meet its obligations, and the talks about the group being over-leveraged hold little value.
The 69-year-old billionaire told ET, "We are very, very comfortable." Reiterating the company's solid financials, Agrawal said that Vedanta had not defaulted even once in the last 25 years.