Vedanta recently participated in the Rising Rajasthan Roadshow in the UK, led by Rajasthan’s Chief Minister Bhajan Lal Sharma and other state officials. During this event, the Chief Minister and Vedanta Chairman Anil Agarwal discussed a major investment of over Rs 1 lakh crore by the company.
The funds will be directed towards expanding operations in zinc, oil and gas, and renewable energy, potentially creating over 2 lakh jobs and fostering the growth of more than 500 downstream industries. This initiative is also expected to promote import substitution.
Hindustan Zinc plans to invest Rs 30,000 crore to double its zinc production capacity from 1.2 MTPA to 2 MTPA, increase silver production from 800 tons to 2,000 tons, and establish a 1 MTPA fertilizer plant. Additionally, Vedanta will create an industrial park in Udaipur to support small and medium-scale industries with investments starting from Rs 5 crore. This industrial complex will cater to sectors like auto, power, infrastructure, and railways, which heavily rely on zinc and silver.
Cairn Oil & Gas will allocate Rs 35,000 crore to boost production to 3 lakh barrels per day, while Serentica Renewables will invest Rs 50,000 crore to build 10,000 MW of renewable energy capacity, ensuring a green energy supply for Vedanta’s various projects.
The discussions also touched upon the development of Govardhan and a presentation on the Krishna Bhoomi Vikas project, which aims to enhance key religious sites like ‘Poonchhari Ka Lautha’ with the help of Vedanta.
Rajasthan’s Chief Minister Bhajan Lal Sharma expressed the state government’s commitment to fostering a business-friendly environment and aligning with the Prime Minister’s vision of a developed India by 2047. He emphasized that Rajasthan is open to global investments and highlighted Vedanta’s significant role in driving the state’s economic progress.
Anil Agarwal, Vedanta Chairman, reiterated Rajasthan’s importance as a resource-rich state, home to critical minerals like zinc, lead, silver, and hydrocarbons. It is eager to collaborate with the state in exploring these resources, establishing manufacturing units, and driving economic growth. The company’s investments are expected to support long-term development and strengthen Rajasthan’s position as a global leader in metals, minerals, oil and gas, and renewable energy.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is a global leader in the critical minerals, energy, and technology sectors, with a presence across multiple countries, including India, South Africa, UAE, and Japan. Vedanta is dedicated to sustainable development and has committed to achieving net-zero carbon emissions by 2050. The company also focuses on social initiatives through the Anil Agarwal Foundation, which aims to invest Rs 5000 crore in community programs over the next five years. Vedanta is listed on the Bombay Stock Exchange and the National Stock Exchange.
