Vedanta Limited has approved the issuance of a corporate guarantee on behalf of its subsidiary, Ferro Alloys Corporation Limited (FACOR), for a term loan facility of up to ₹1,725 Crore. This guarantee is provided to project lenders and is effective from Feb’26 to Mar’29. The corporate guarantee constitutes a contingent liability for Vedanta.
Corporate Guarantee Issued
Vedanta Limited has authorized a corporate guarantee for Ferro Alloys Corporation Limited (FACOR), a subsidiary of Vedanta, to support FACOR’s Rupee Term Loan facility.
Guarantee Details
The corporate guarantee covers a term loan facility of up to ₹1,725 Crore availed by FACOR. This guarantee serves as security for the lenders.
Guarantee Period
The corporate guarantee facility is valid from February 2026 to March 2029.
Impact on Vedanta
The issuance of the corporate guarantee creates a contingent liability for Vedanta Limited. This arrangement is conducted at arm’s length, and promoter or promoter group companies do not have any interest in the transaction.
Source: BSE
