Vedanta is expecting 60-70 percent revenue growth over next three years when its Rs 55,000 crore capex programme gets completed. The company has completed Rs 10,000 capital expenditure in FY19.
The company has a capex programme of Rs 55,000 crore for the next three years. Of this, Rs 25,000 crore are for base metal (primarily zinc) expansion, Rs 20,000 crore will be spent in the oil and gas sector and the remaining Rs 10,000 crore in aluminium.
The majority of capex funds will be met through internal accruals and the company will go for external debt for this. The company commissioned the Gamsberg mining complex in South Africa earlier in 2019, which has the world's largest zinc deposits.
The oil production will go up from 2019, while it saw just two percent increase in production in FY19. The company expects 2,00,000-2,20,000 barrels of oil and gas per day.