Vedanta shares surge 3% on talks with Assam CM over Rs 50,000 crore investment plan. Do you think this will happen? The whole sector is struggling so maybe they won’t keep their promise.
Plan sounds big, but given its $14.9 bn debt n fallin profits, it’s hard to be too optimstic. Company’s only commited to exploration so far, not real investmnts. With sector under presure, this might just end up as talk.
What do you think will happen?
At some point, the cmpy might jus run into trouble servicin its debt, duno when, but it’s bound to happen sooner or later.
I agree. to be honest I don’t see how they will service the debt as they have borrowed to pay back old debt and are draining their other companies with really high dividends
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