The worst might be over for Vedanta Resources (VRL) but the London-headquartered firm would face funding shortfalls of $850 million in FY25 and $1.4 billion in FY26, according to a report by CreditSights.

“We continue to expect VRL’s funding access to remain constrained, interest burden to remain elevated, and the company to face funding shortfalls of $850 million (looks manageable) and $1.4 billion in FY25 and FY26, respectively,” it said.

The potential funding avenues that Vedanta could tap into include dividend upstreaming and brand fees from its Indian subsidiary and mining major Vedanta (VEDL) and its operating companies, asset and equity stake sales, or loans, it added.