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Vedanta plans to expand with a $6 billion project pipeline.

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Vedanta plans to expand with a  billion project pipeline.

Vedanta, a multinational mining conglomerate, plans to boost growth with over 50 active projects and expansions, generating over $6 billion in incremental revenue upon completion.

The company is implementing growth initiatives across various sectors, including aluminium, zinc, base metals, steel, copper, and power. These initiatives are divided into three stages: discovery, concept, and execution, with the goal of identifying growth areas, developing strategies, and implementing them.

India is set to commission several significant projects, including a refinery expansion at Lanjigarh Aluminium, a million tpa expansion at BALCO, a 2.2 GW expansion of Athena and Meenakshi power plants, and a 500,000 tpa expansion of Gamsberg Zinc in South Africa. Additionally, plans are underway to become India’s largest ferro-alloys producer.

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Vedanta, owned by Anil Agarwal, is diversifying into semiconductor and display glass manufacturing. The company announced in September 2023 the creation of independent verticals for its power, aluminium, oil and gas, and metals businesses, while retaining Hindustan Zinc.

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