Vedanta shares surge 3% on talks with Assam CM over Rs 50,000 crore funding plan. Do you assume this can occur? The entire sector is struggling so perhaps they gained’t hold their promise.
Plan sounds large, however given its $14.9 bn debt n fallin income, it’s arduous to be too optimstic. Firm’s solely commited to exploration to date, not actual investmnts. With sector below presure, this would possibly simply find yourself as discuss.
