Vedanta to invest $8 billion in 3 years, eyes 50% growth: Navin Agarwal

This year metals and mining giant Vedanta had a record production in its zinc-lead-silver and aluminium businesses

Anil Agarwal-led Vedanta on Friday said it would invest around $8 billion (about Rs 560 billion) in various business verticals over the next three years.

“The investment announcement we have made will be mainly via internal accruals as we do not intend increasing the debt going ahead. Our cash flows stood at Rs 79 billion (as on March 31) and we have reduced our gross debt by Rs 85 billion,” chairman Navin Agarwal said on the sidelines of the company’s 53th annual general meeting (AGM).

This year, Vedanta had a record production in its zinc-lead-silver and aluminium businesses, the chairman