For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans.
has pre-paid all of its debt that was due for repayment till March this year, deleveraging by $2 billion in the past 11 months. The company added that it was confident of meeting its liquidity requirements for the quarter ending June 2023