Metals to oil conglomerate Vedanta is actively seeking a global partner to collaborate on its ambitious $20 billion expansion projects. According to a recent tender document, the company aims to scale up operations across multiple sectors, including zinc, aluminium, copper, iron, steel, oil, gas, and power.
Company Restructuring to Drive Growth
To streamline its operations and fuel growth, Vedanta plans to split into four distinct entities:
- Vedanta Aluminium
- Vedanta Oil and Gas
- Vedanta Power
- Vedanta Iron and Steel
Each of these entities will focus on strategic investments in metals, mining, and hydrocarbons over the next three years.
Major Investment in Hindustan Zinc
Vedanta has already outlined a $2 billion to $2.5 billion investment to ramp up production at its subsidiary, Hindustan Zinc. The move underscores the company’s intent to strengthen its position in the zinc market.
Cairn India Targets Five-Fold Oil Output
Another key subsidiary, Cairn India, has unveiled a $5 billion plan aimed at increasing its oil output five times. This significant investment highlights Vedanta’s commitment to boosting domestic energy production.
Power Business Eyes Nuclear Expansion
Vedanta’s power division is also gearing up for rapid expansion. The company plans to double its current 5-gigawatt capacity and diversify into nuclear power and power distribution.
In February, Vedanta announced it was actively seeking partners to build and operate 5 GW of nuclear power capacity for captive use within India. This aligns with the country’s broader push toward clean and sustainable energy solutions.
Conclusion
As reported by msn.com, with a multi-pronged investment strategy and plans to collaborate with global partners, Vedanta is positioning itself as a major player in the next phase of industrial and energy development in India.
