At its 60th Annual General Meeting, Vedanta Ltd laid out an ambitious roadmap to double the size of its business, anchored on three core priorities: corporate restructuring, broadening its portfolio, and reducing debt. Chairman Anil Agarwal presented this multi-pronged strategy, which builds on strong financial performance, record investor returns, and a fast-growing presence in strategic minerals and clean energy metals. The company also revealed plans to back 1,000 emerging deep-tech ventures and confirmed the creation of India’s first industrial parks for zinc and aluminium production.
“Our three-pronged strategy will enable us to scale up significantly and unlock greater value for all stakeholders,” said Mr Agarwal during the meeting. Addressing the global trend of nations securing control over their natural resources, Mr Agarwal stressed the critical role of minerals in powering electric mobility, renewable energy, and digital infrastructure. Highlighting that only a quarter of India’s resource potential has been explored, he called for accelerated development in the critical minerals sector.
“This is more than business growth—it’s about supporting India’s transformation into a developed nation,” he noted. Vedanta has acquired 10 critical mineral blocks across India, one of the largest private holdings in the country. These acquisitions are helping the company transition into a major player in the fields of critical minerals, clean energy metals, and industrial technologies. The firm is also setting up the world’s first dedicated Zinc Park and India’s biggest Aluminium Park, both expected to fuel MSME growth and create large-scale employment, triggering a new phase of industrial development.
A central highlight of the AGM was the progress on Vedanta’s corporate demerger plan, which received over 99.5% approval from shareholders and creditors. Once completed, investors will receive shares in four newly independent companies, each with its own strategic focus and growth plan. The restructuring aims to position each entity as a potential $100 billion enterprise.
“Separating these businesses will bring sharper focus, attract targeted investment, and help each unit reach its full potential,” Mr Agarwal said. Vedanta is preparing to support 1,000 start-ups in the deep-tech manufacturing space—one of the largest industrial incubation programs in India. This initiative is designed to future-proof the company’s operations and contribute to India’s self-reliance and industrial leadership.
Mr Agarwal reaffirmed the company’s dedication to sustainability, advanced technology, and inclusive growth. Hindustan Zinc has topped global rankings in metals and mining, while Vedanta Aluminium ranks second in its sector, according to the 2024 S&P Global Corporate Sustainability Assessment. The company remains on track to achieve net-zero emissions by 2050. Its flagship social initiative, Nand Ghar, now spans over 8,500 centres across 15 states, supporting early childhood education and women’s empowerment.
Sharing a long-term aspiration, Mr Agarwal announced plans to establish a world-class university in India. “This institution, inspired by the world’s leading universities, will drive research excellence and develop future leaders right here in India,” he said.
In FY 2024–25, Vedanta posted revenues of ₹1,50,725 crore and EBITDA of ₹43,541 crore, delivering an 87% total shareholder return and ranking among the top performers in the NIFTY 100. Hindustan Zinc is investing ₹12,000 crore in a new smelting facility, while Cairn Oil & Gas is expanding exploration and aims to double its output. Vedanta Aluminium is ramping up capacity to 3.1 million tonnes, with a greenfield smelter of another 3 million tonnes in the pipeline. The Chairman concluded by acknowledging the company’s 1 lakh-strong workforce, noting that women now make up 22% of employees and 28% of leadership positions, with a target of 30% representation by 2030.
Vedanta Group is a global force in minerals, metals, energy, and technology, with operations in India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. As the world’s largest integrated zinc producer and a leading aluminium and silver producer, Vedanta plays a key role in the global supply chain for energy transition. The company is also India’s only private oil and gas producer and one of its largest private power producers. With a strong focus on environmental and social governance, Vedanta is committed to net-zero emissions and has positively impacted the lives of nearly 7 million people through its social initiatives.
