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The Vedanta Group has lined up USD 25 billion in investments over the next three years to expand capacities across its existing businesses through organic growth and brownfield expansions, a top company official said. Vedanta founder and chairman Anil Agarwal, who was in the city on Wednesday, said the conglomerate would focus on its existing assets for growth, while remaining open to acquiring public sector assets if opportunities arise. "Current capex plans are for organic growth in aluminium, copper, zinc, oil and gas. All will be brownfield expansions," he said. "We are going to invest around USD 25 billion," Agarwal said. The capital expenditure would also support Vedanta's ambition to become one of the world's largest mining companies in critical metals, and emerge as a leading silver producer within three to four years, he said. The group, which comprises 10 major companies, aims to grow its overall business from USD 30 billion to USD 50 billion within three years, Agarwal
India and South Africa are 'bound together' by deep historical ties and common democratic values, President Cyril Ramaphosa has said while inaugurating a major expansion of a zinc mine operated by an Indian conglomerate in the Northern Cape province. Ramaphosa made the remarks on Friday at the inauguration of Vedanta's Gamsberg Phase II concentrator plant in Aggeneys, in the presence of Indian High Commissioner Prabhat Kumar and Consul General Ruby Jaspreet, among other dignitaries. A concentrator plant separates valuable minerals from mined ore to produce a more concentrated material for further processing. At the Gamsberg plant, the zinc concentrate can be processed further to produce refined zinc metal. The Consulate General of India in Cape Town said in a post on X on Saturday that the Phase II expansion involved an investment of approximately ZAR 10 billion (around Rs 5,757 crore), making it one of South Africa's largest mining investments of the past decade. "This occasion is
Vedanta Ltd on Thursday declared an interim dividend of Rs 5 per share for the current financial year, amounting to about Rs 1,955 crore. This is the company's first interim dividend post-demerger, reinforcing the company's focus on delivering value to shareholders as it enters a new phase as a more focused and diversified natural resources company, the company stated in an exchange filing. "... the board of directors of Vedanta Limited have, today, i.e. October 08, 2026, approved the first interim dividend 2026-27 of Rs 5 per equity share on face value of Rs 1 per equity share for the financial year 2026-27 amounting to Rs 1,955 crore," Vedanta said in the filing. The dividend comes soon after a strong Q2 FY27 operational performance, with Vedanta reporting broad-based momentum across its businesses. The company recorded record quarterly and half-yearly production across key operations, with particularly strong performance in zinc, ferro alloys, ports and aluminium. The performanc
Vedanta Ltd on Wednesday said that it has raised Rs 2,000 crore crore through issuance of non-convertible debentures on a private placement basis. The fundraise is aimed at diversifying the company's funding mix and bolstering its balance sheet as it refinances existing debt. The company said in a regulatory filing that the non-convertible debentures(NCDs) will be unsecured, redeemable, rated and listed, with each debenture having a face value of Rs 1 lakh each. "The duly constituted committee of directors of the company has approved the allotment of 2,00,000 ...denominated unsecured, redeemable, rated, listed non-convertible debentures of face value of Rs 1,00,000 each, aggregating to Rs 20,00,00,00,000 (Debentures) on a private placement basis," the filing said. NCDs are fixed-term, fixed-income corporate debt instruments that raise capital without offering equity conversion options upon maturity. The company's net debt stood at Rs 8,299 crore as on June 30, 2026, Vedanta had ...
Mining major Vedanta on Wednesday said it invested more than USD 1 billion in net-zero transition initiatives in FY26, with renewable energy, lower-carbon fuels, energy efficiency and technology-led interventions driving its decarbonisation efforts. As part of this transition, the group's renewable energy utilisation went up 52 per cent year-on-year to 4 billion units (400 crore units) in 2025-26, equivalent to the annual electricity consumption of around 3 crore Indian households. Vedanta now has nearly 2,000 MW of installed and contracted renewable energy capacity and is targeting 2.5 GW round-the-clock renewable energy capacity by 2030. These initiatives, alongside other decarbonisation interventions, helped avoid approximately 3 million tonne of carbon dioxide equivalent emissions in 2025-26, while greenhouse gas emissions intensity across the group's metals and mining production declined by approximately 14 per cent from the 2020-21 baseline, the company said in a ...