Vedanta, the prominent mining and metals conglomerate, has announced plans to invest nearly ₹1 lakh crore in Rajasthan, with a substantial portion of the funds dedicated to renewable energy initiatives. This commitment underscores Vedanta’s ongoing efforts to bolster industrial growth and community development within the state. Priya Agarwal Hebbar, Director of the company, emphasized Rajasthan’s significance to the company, referring to it as it’s “karmbhoomi” and expressing optimism for future collaborations.
Following a meeting with Rajasthan’s Chief Minister Bhajan Lal Sharma, Hebbar highlighted the critical role the state plays in it’s operations. “Some of our most significant ventures, including Hindustan Zinc and Cairn India, are based in Rajasthan. Over the past few years, we have invested more than ₹1 lakh crore in creating opportunities, strengthening industries, and empowering communities here. Moving forward, we plan to contribute an additional ₹1 lakh crore, with a strong emphasis on renewable energy,” she stated.
Hebbar also affirmed it’s commitment to supporting the state government’s development goals, aligning with the vision laid out by Chief Minister Sharma. It’s planned investment not only aims to enhance its industrial footprint in Rajasthan but also emphasizes the company’s dedication to sustainable development through renewable energy projects.
This initiative is part of it’s broader strategy to diversify its energy portfolio while advancing sustainability efforts. Additionally, it has announced plans to establish a camel rehabilitation and conservation park in Barmer, aligning with the state’s focus on grassroots development.
The company also intends to modernize all aanganwadis in the state by transforming them into Nand Ghars, which are advanced childcare centers designed to improve early childhood education and health. Led by billionaire Anil Agarwal, it holds a diverse portfolio across various sectors, including metals, minerals, oil and gas, ferrous materials, and power, with a growing focus on renewable energy.
As part of its growth strategy, Vedanta is also venturing into new areas like semiconductor and display glass manufacturing. Last year, the company announced plans to create independent verticals through the demerger of its businesses, leading to the establishment of six separate listed entities, including Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Limited.
