Vedanta Resources: ZINCronized Deleveraging
Executive summary Vedanta Resources PLC (VED LN) (Vedanta) FY18 results, ended 31 March 2018, were within our expectation. EBITDA contribution...
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TATA Steel Could Retake Capacity Crown as 20% of Indian Steel Capacity up for Grabs
The Reserve Bank of India published a list of companies that has a collective outstanding debt value of around INR2,000bn during 2017. This list...
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Vedanta Resources: 9-Month Results on Track
Vedanta Resources PLC (VED LN) (Vedanta) 9M FY18 results, ended last December, were within our expectation. Zinc and oil businesses contributed 77%...
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JSW Steel: A Race of EBITDA Against Debt
We initiate our coverage on JSW Steel Ltd (JSTL IN) (JSW) with a NEUTRAL recommendation on all JSTLIN complex as we believe the complex is...
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Vedanta Resources: Getting ZINCronized
Vedanta Resources PLC (VED LN) ("Vedanta")'s rating upgrade by Moody's on 20-November reflects India's sovereign rating upgrade 3 days before, in...
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