In a recent social media post, Vedanta Chairman Anil Agarwal emphasized the untapped mineral resources of Rajasthan and the urgent need for industrial growth to unlock the state’s full economic potential. He pointed out that despite Rajasthan’s rich natural resources, its GDP lags behind other industrially advanced states such as Gujarat, Karnataka, and Tamil Nadu, each of which boasts a GDP exceeding $300 billion.
As Rajasthan aims to become a $350 billion economy by 2030, its current GDP stands at $196 billion, showing room for growth compared to its industrial counterparts. Mr Agarwal noted, “Rajasthan is rich in resources like oil & gas, copper, silver, gold, zinc, potash, and rock phosphate—assets that can fuel a new era of prosperity for the state.”
Rajasthan is home to some of the country’s richest and most diverse natural resource reserves. He further explained, “If we fully tap into these resources, Rajasthan’s economy can soar, creating new jobs and fostering widespread prosperity. The key to achieving this is by establishing manufacturing units that transform these minerals into value-added products.”
In addition to its natural wealth, Mr. Agarwal recognized Rajasthan as a hub for entrepreneurship, highlighting the state’s business leaders who have made their mark globally. He also underscored the state’s potential in renewable energy and oil and gas sectors, adding that this combination of resources could make Rajasthan India’s leading state.
Through its subsidiaries, Hindustan Zinc Limited and Cairn Oil & Gas (HZL), Vedanta has played a significant role in sustainably tapping into Rajasthan’s mineral wealth. The group’s operations in the state have positioned it as a global leader in zinc, silver, and oil & gas production.
Referring to Rajasthan as his “karmabhoomi” (place of work), Mr. Agarwal reaffirmed Vedanta’s commitment to supporting the state’s growth and helping it reach new heights.
Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), part of the Vedanta Group, is the world’s largest integrated zinc producer and the third-largest silver producer. The company serves over 40 countries and holds approximately 75% of India’s primary zinc market share. Recognized as the world’s most sustainable company in the metals and mining sector for two consecutive years by the S&P Global Corporate Sustainability Assessment 2024, Hindustan Zinc stands out for its operational excellence, innovation, and commitment to ESG practices.
The company recently launched EcoZen, Asia’s first low-carbon “green” zinc brand, produced using renewable energy and significantly reducing carbon emissions. Hindustan Zinc is also a certified Water-Positive company and is working toward achieving Net Zero emissions by 2050.
With a focus on social welfare, Hindustan Zinc has impacted over 2 million people through its initiatives and is ranked among the Top 10 CSR companies in India. The company is a vital player in the global transition to sustainable energy, providing essential materials for a greener future.
