Vedanta to invest Rs 1 trillion in Rajasthan

Vedanta has announced plans to invest more than Rs 1 trillion in Rajasthan, covering its zinc, renewable energy, and oil and gas divisions. 

This investment is expected to create around 200,000 jobs and support the development of over 500 downstream industries across various sectors.

Hindustan Zinc, a Vedanta Group company, will invest Rs 300 billion to double its zinc production capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, increase silver output from 800 tonnes to 2,000 tonnes, and establish a 1 MTPA fertilizer plant. Cairn Oil & Gas, another Vedanta subsidiary, plans to invest Rs 350 billion to increase its production capacity to 300,000 barrels per day.

Vedanta’s renewable energy arm, Serentica Renewables, will invest Rs 500 billion to develop a 10,000 MW renewable power capacity. This will support the company’s broader investment efforts, aid in the energy transition, and ensure green manufacturing practices.

Additionally, Vedanta has announced the creation of an industrial park around the Udaipur area, designed on a non-profit basis, to support small and medium-scale industries with investments starting from Rs 50 million.