EXPRESSION OF INTEREST

Seeking Partner for Release/Closure of Legacy Bank Guarantees

Vedanta, an owner-driven critical minerals, hydrocarbons and energy company, operates a USD 30 billion portfolio and contributes 1.4% to India's GDP. Across its India businesses, the Group has, over many years, accumulated bank guarantees issued to government departments, statutory bodies, and counterparties. A material portion of these has since expired or fulfilled its underlying obligation, with the aggregate outstanding running into hundreds of crores of rupees.

THE ASK
- Review the bank guarantee register across Vedanta India entities and identify instruments that are expired or otherwise eligible for closure.
- Engage with the relevant beneficiaries, largely government departments and statutory authorities, to secure the BG instruments and release confirmations.




- Coordinate with the issuing Indian banks to complete surrender formalities and free up the underlying limits and margins.

THE IDEAL PARTNER
- Extensive, hands-on experience working with bank guarantees within the Indian banking system, and a robust working knowledge of issuance, expiry, surrender, and release procedures.
- Willingness to work on the ground at Vedanta business locations across India and take this on as a focused, time-bound project.
- Comfortable with a success-based, outcome-linked commercial model, with no fixed retainer and no defined tenure.

Interested individuals and firms are invited to share a brief proposal covering their relevant experience, indicative approach to the mandate, and preferred commercial construct with the Chairman's Office at [email protected].

Applications close on 30 September 2026.

📌 Partner for Release/Closure of Legacy Bank Guarantees (Mumbai)
🏢 Vedanta Group
📍 Mumbai