Vedanta Ltd, a Mumbai-listed mining giant, is actively searching for a global partner to support its ambitious $20 billion expansion plans across various sectors. In an official statement, the company outlined its strategy to significantly scale up operations over the next three years. As part of this effort, Vedanta is restructuring into four separate entities: Vedanta Aluminium, Oil and Gas, Power, and Iron and Steel.
“We are seeking an experienced global engineering firm with expertise in engineering, procurement, and construction management (EPCM) to help us execute these projects, functioning as an extended part of our team,” the company shared in an Expression of Interest (EoI) posted on LinkedIn.
The $20 billion will be invested in growth initiatives within the metals, mining, and hydrocarbons sectors, with the projects building on Vedanta’s existing operations. The company has invited potential partners to submit their qualifications, experience, and current projects for consideration, with submissions due by April 30, 2025.
Previously, Vedanta had announced a delay in its demerger process, now expected to be completed by June-July 2025, a shift from the earlier timeline set for the end of FY25. Vedanta’s CFO, Ajay Goel, had indicated that the demerger process was nearing completion and was now expected to wrap up in the summer of 2025.
The proposed demerger would separate Vedanta’s various business units into independent entities, streamlining operations and offering investors direct access to focused investments. The company had also adjusted its demerger plan to retain its base metal business within the parent organization.
Vedanta’s Chairman, Anil Agarwal, explained that the reorganization of the company’s diverse assets, spanning over 15 commodities, would enable Vedanta to shift from being asset managers to asset owners, reinforcing its position in the global market.
As the company navigates through this transformation, its focus remains on strengthening its asset base to become a leader in each of its business segments. The demerger is seen as a step toward simplifying the corporate structure and providing global investors with clearer, more direct investment opportunities linked to India’s growth potential.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is a global leader in natural resources, critical minerals, energy, and technology. The company operates across multiple regions, including India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. Vedanta has a strong presence in various sectors such as Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power, and Glass Substrate, while also expanding into electronics and display glass manufacturing. For over 20 years, Vedanta has played a pivotal role in the development of nations and has consistently driven progress in the industries it serves.
At the core of Vedanta’s strategy are governance and sustainable development, with a firm focus on health, safety, and environmental protection. The company has established a robust framework to lead in environmental, social, and governance (ESG) practices within the natural resources sector. Vedanta is committed to achieving net-zero carbon emissions by 2050 or sooner, with plans to invest $5 billion over the next decade to accelerate this transition.
The company’s philanthropic efforts are deeply embedded in its culture, with a strong emphasis on improving the lives of local communities. Through the Anil Agarwal Foundation, which oversees Vedanta’s social initiatives, the company plans to invest Rs 5000 crore over the next five years in various social impact projects. One of its key initiatives, Nand Ghar, is establishing model anganwadis across India to support the health and education of children and women.
Vedanta’s commitment to sustainability and excellence has earned it a place among the top five companies in the S&P Global Corporate Sustainability Assessment 2024. The company is also included in the prestigious Dow Jones Sustainability World Index, underscoring its leadership in sustainable business practices. In addition, Vedanta has been recognized as a Great Place to Work and a Kincentric Best Employer for 2023.
