Vedanta Shifts Focus to Transition Metals, Now Driving 70% of Revenue

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Anil Agarwal, Chairman Vedanta

Vedanta Group, a global company in metals, mining, and energy, is significantly expanding its portfolio in transition metals, oil & gas, and critical minerals to support India’s clean energy and industrial goals. Today, nearly 70% of Vedanta’s revenue comes from transition metals—key materials used in modern technologies and renewable energy systems.

To strengthen India’s domestic supply chains for green technologies, Vedanta has acquired mineral blocks containing rare earths, vanadium, graphite, and tungsten—materials essential for batteries, electronics, and clean energy systems. The company is also India’s only producer of nickel, a crucial element in batteries, electric vehicles, and high-performance alloys.

Hindustan Zinc, a Vedanta company and the world’s largest integrated zinc producer, plays a key role in India’s energy and industrial development. Zinc is used in everything from galvanisation to energy storage. The company is on track to double its production of zinc, lead, and silver—important for clean energy technologies such as solar panels and electronics. It is also developing zinc-based battery technologies and has launched EcoZen, a low-carbon zinc product with 75% lower emissions than the global average.

Aluminium is another focus area, given its use in solar power, electric vehicles, and infrastructure. Vedanta, one of the world’s top aluminium producers, plans to raise its capacity from 2.4 million tonnes per year to 3.1 million by FY28. The company offers low-carbon aluminium products—Restora and Restora Ultra—to help industries lower their carbon footprint.

Vedanta is also growing its natural gas business to support India’s goal of increasing gas in its energy mix to 15% by 2030. As the country’s only private oil and gas producer, Vedanta is helping reduce reliance on imported liquefied natural gas (LNG) while supporting a cleaner transition from coal and oil to renewable energy.

Internationally, Vedanta owns Konkola Copper Mines in Zambia, home to one of the world’s richest copper resources. It is also planning a large copper smelter in Saudi Arabia, which will expand its global reach in critical minerals needed for clean energy and electronics.

Deshnee Naidoo, CEO of Vedanta Resources, stated “India is working to move up the economic ladder while also committing to a green future. The energy shift is not a choice—it’s a necessity. Vedanta is aligned with this vision. With 70% of our revenue now coming from transition metals, and strong positions in aluminium, zinc, oil & gas, and critical minerals, we are supporting India’s new economy while ensuring inclusive growth.”

Vedanta has integrated sustainability across its operations. In the past three years, it has cut 28 million tonnes of carbon emissions—equivalent to the annual absorption of over 1 billion trees. It has introduced India’s first low-carbon aluminium and Asia’s first green zinc, invested in large-scale afforestation, and is advancing water conservation. Vedanta currently has agreements in place for 1.9 GW of renewable energy and aims for 2.5 GW of continuous renewable supply and a 25% emissions cut by 2030.

Vedanta operates across India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan, and Japan. It is the world’s largest integrated zinc producer, the fourth-largest silver producer, and among the top aluminium producers. The company is also India’s only private oil and gas producer and one of the largest private power generators. Vedanta has committed to reaching net-zero emissions by 2050 or earlier and has improved the lives of nearly 7 million people through its social development initiatives.