Vedanta's $20 Billion Power Play Across India's Core Sectors

Indian conglomerate Vedanta, led by Anil Agarwal, is actively seeking a global partner to support its ambitious expansion plans worth USD 20 billion. These projects span across key sectors including zinc, aluminium, copper, iron, steel, oil, gas, and power.

As part of its restructuring efforts, Vedanta is set to split into four distinct entities: Vedanta Aluminium, Oil and Gas, Power, and Iron and Steel. Over the next three years, the company intends to invest significantly in metals, mining, and hydrocarbons.

Ongoing initiatives include a USD 2 billion to USD 2.5 billion investment to expand production at Hindustan Zinc, along with a USD 5 billion plan by Cairn India to quintuple oil output. Furthermore, Vedanta’s power division aims to double its existing five GW portfolio, while also exploring expansion into nuclear energy and power distribution.

In February, Vedanta also announced its search for partners to jointly develop and operate five GW of nuclear power for captive use within India.

News by Rahul Yelligetti.