Vedanta’s five demerged firms can each become $100 billion companies: Anil Agarwal
Mumbai, July 14 (TNT): Vedanta Group Chairman Anil Agarwal on Tuesday outlined an ambitious growth roadmap for the conglomerate, saying each of the group’s five demerged companies has the potential to become a $100 billion enterprise.
Addressing shareholders at Vedanta Ltd’s 61st Annual General Meeting (AGM), Agarwal said the group’s future strategy would be driven by three pillars—Produce More, Partner Better and Purpose Beyond Profit.
Referring to the recently completed demerger, he said shareholders who earlier owned one integrated company now held stakes in five pure-play businesses—Vedanta Ltd, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, Vedanta Iron and Steel Ltd and Vedanta Power Ltd.
Agarwal described FY2025-26 as a landmark year, with the company recording its highest-ever revenue of Rs 1.74 lakh crore, net profit of Rs 25,096 crore and EBITDA of Rs 55,976 crore.
He said the company also improved its balance sheet, reducing the net debt-to-EBITDA ratio to 0.95 times, the best in 14 quarters.
Outlining expansion plans, Agarwal said Vedanta aims to nearly triple its zinc and lead production to 3 million tonnes by 2031, double silver output to 1,500 tonnes, raise copper production to one million tonnes by the end of the decade and expand ferrochrome and nickel capacities.
He also announced plans to intensify exploration of critical minerals, including lithium, cobalt, gold, copper, nickel, manganese and rare earth elements.
He said Vedanta Aluminium plans to double production capacity to six million tonnes per annum over the next three years, while Vedanta Oil and Gas aims to increase production to 500,000 barrels per day with an investment of $5 billion over the next three to five years.
Vedanta Iron and Steel plans to expand capacity from four million tonnes to 15 million tonnes, focusing on green and specialty steel, while Vedanta Power targets generation capacity of 20,000 MW and plans to enter the nuclear power sector, he added.
Highlighting technology as a key growth driver, Agarwal said the company was embedding artificial intelligence and digital technologies across exploration, operations, sustainability, safety and productivity to improve efficiency and competitiveness.
On the social front, he said Vedanta contributed over Rs 62,000 crore to the national exchequer during FY2025-26, taking its total contribution over the past decade to nearly Rs 5 lakh crore.
Agarwal also highlighted the company’s flagship Nand Ghar initiative, which has established 15,000 modern anganwadi centres across 17 states and has the potential to benefit 10 crore women and children.
Describing natural resources as critical to India’s future, he said resource security had become synonymous with national security and reaffirmed Vedanta’s commitment to supporting the country’s industrial and economic growth.
TNT KS
