Vedanta Group aims to achieve a near-term EBITDA of $10 billion through the efficient execution of over fifty significant growth initiatives across its zinc, aluminum, oil and gas, and power sectors. These projects are nearing completion.
In the aluminum sector, Vedanta is working on projects to reach an integrated supply capacity of 3.1 million tons per annum. The company is positioned in the first quartile of the global cost curve, with production costs at a multi-year low of $1,711 per ton, and it benefits from a fully vertically integrated supply chain. The aluminum business is poised for strong growth, with India’s domestic demand expected to double every five years.
Vedanta’s zinc division produces 1.2 million tons of zinc metal annually at a cost of $1,000 per ton, alongside 800 million tons of silver per year. It commands a market share of over 75% in India’s primary zinc market and is planning to increase production capacity to 2 million tonnes.
In the oil and gas sector, Vedanta Group aims to expand its resource base to two billion barrels of oil equivalent within the next three years, targeting a production rate of 300,000 barrels of oil equivalent per day – more than double the current production.
Additionally, significant projects are underway to expand the Lanjigarh alumina refinery’s capacity from 3.5 million to five million tons, the BALCO smelter’s capacity from 0.6 million to one million tons, and to increase overall power generation capacity from 2.9 GW to 5 GW. As reported by businessline, collectively, Vedanta Group is investing approximately $8 billion in the ongoing growth projects.
