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Vedanta Iron & Steel Promoter Shares Encumbered for US$2.25B Facility

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Sig2.85Sen+1.15Env0.00Soc0.00Gov-1.30

Vedanta Iron & Steel Limited said its promoter group entities have pledged shareholdings to secure a US$2.25 billion facility agreement dated July 20, 2026, disclosed on July 23, 2026. Twin Star Holdings is the borrower, with Vedanta Resources Limited, Vedanta Holdings Mauritius II Limited and Welter Trading Limited as guarantors. VISL is not a party but faces group covenants. Vedanta Aluminium Metal reported record Q1FY27 output, and BALCO’s production rose 17% YoY with 24 KT from a new smelter’s trial runs.

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