The loan will have a first exclusive charge over the fixed assets of the Thoothukudi (Tuticorin) copper smelter in Tamil Nadu and an exclusive pledge over Hindustan Zinc shares, providing a 2.2x cover. The Supreme Court of India has recently allowed Vedanta to start maintenance work at Sterlite Copper facility in Thoothukudi, which is shut since 2018.source https://economictimes.indiatimes.com/industry/banking/finance/banking/vedanta-in-talks-with-barclays-to-raise-rs-1500cr-loan/articleshow/99502719.cms
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