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Vedanta plans Rs 1,000 billion investment in Rajasthan

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Mining and metals conglomerate Vedanta plans to invest nearly Rs 1,000 billion in Rajasthan, with a significant portion earmarked for renewable power projects. 

Vedanta’s major businesses, including Hindustan Zinc and Cairn India, are based in Rajasthan. The company has already invested over Rs 1,000 billion in the state in recent years to create opportunities, strengthen industries, and empower communities. Looking ahead, Vedanta aims to invest an additional Rs 1,000 billion, with a focus on large-scale renewable energy initiatives.

Vedanta, led by billionaire Anil Agarwal, has a diverse portfolio that spans metals and minerals such as zinc, silver, lead, aluminium, chromium, copper, and nickel, as well as oil and gas. The conglomerate also includes a traditional ferrous vertical with iron ore and steel, and power, encompassing both coal and renewable energy. Recently, Vedanta has been expanding into the manufacturing of semiconductors and display glass.

Last year, Vedanta announced the creation of independent verticals through the demerger of its underlying companies, mainly its metals, power, aluminium, and oil and gas businesses, to unlock potential value.

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