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Vedanta to benefit from USD one-trln opportunity in metals, minerals

Thursday, 11 Jul 2024
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The minerals and metals sector in India is a USD one trillion opportunity and Vedanta is uniquely positioned to benefit as per its scale and presence in the critical minerals space, as stated by Chairman Anil Agarwal.

Also, given that about 70 percent of its topline is derived from critical minerals of the future, the company's future readiness comes to the fore. Its current projects include the expansion of its alumina refinery in Lanjigarh by 1.5 million tonne, operationalising the Bicholim iron ore mine in Goa, and production at Jaya oilfield in Gujarat. It has over 50 projects under execution with scope for increasing volume, business integration, and enhancing value-added products across businesses. The company will invest about USD eight billion in these growth projects.

Further, Vedanta is going ahead with the demerger of the company into six verticals. The move is likely to broaden the investor base for Vedanta. Each entity will have more independence in regard to capital allocation and their growth strategies.

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