Vedanta’s Anil Agarwal’s condition is like Adani, how will he pay back the loan of 16,470 crores? , Vedanta Anil Agarwal faces a problem similar to Adani has to pay back a $2 billion loan

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Anil Agarwal of the Vedanta Group is also one of the Indian businessmen who have won global laurels on their own. Anil Agarwal, who once worked in the scrap metal business, is now facing a major problem. His company is in debt of $2 billion (approximately Rs 16,470 crore) and he has been struggling to deal with it for quite some time. After all, how will Anil Aggarwal be able to overcome…

During his career, Anil Agarwal was recognized as an industrialist who has proven himself in every situation for decades. His business is such that there is no direct competitor. This time he is in need of money, there is a conflict with the government and the company’s expansion is in trouble.

Rs 16,470 crore to be paid in 2024

The Vedanta Group company Vedanta Resources is due to pay bonds worth $2 billion by 2024, i.e. Rs 16,470 crore. More than half of this amount must be paid in January. Because of this, his company’s risk rating has dropped and he is also struggling to raise money.