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