Vedanta lays out post-demerger growth plan, targets sharp jump in metals, oil and power output

Vedanta Ltd on Tuesday unveiled an ambitious production expansion roadmap across its businesses following the completion of its demerger, with Chairman Anil Agarwal outlining plans to significantly scale up output in metals, mining, oil and gas, steel, and power over the next few years.

Under the plan, Vedanta aims to nearly triple zinc and lead production to 3 million tonnes by 2031, double silver output to 1,500 tonnes, and raise copper production to 1 million tonnes by the end of the decade.

The company also plans to expand ferrochrome capacity to 500,000 tonnes by FY2028, increase nickel production to 60,000 tonnes, and accelerate exploration across its critical and strategic mineral blocks, including lithium, cobalt, gold, copper, nickel, manganese, rare earths, and potash.

Agarwal also outlined expansion plans for the group’s demerged businesses.

Vedanta Aluminium aims to double its production capacity to 60 lakh tonnes annually over the next three years, while Vedanta Oil and Gas plans to increase production to 500,000 barrels per day, supported by a proposed investment of $5 billion over the next three to five years.

Vedanta Iron and Steel is targeting an increase in annual capacity from 4 million tonnes to 15 million tonnes, with a focus on green and specialty steel. Vedanta Power, meanwhile, plans to expand generation capacity to 20,000 MW and enter the nuclear power segment.

Calling FY2026 a landmark year, Agarwal said Vedanta reported record revenue of ₹1.74 lakh crore and its highest-ever profit of ₹25,096 crore during the year. The company also posted EBITDA of ₹55,976 crore and a net debt-to-EBITDA ratio of 0.95 times, its best level in 14 quarters.

The expansion plans come after Vedanta completed its demerger into five pure-play businesses, a move Agarwal said would create more focused growth opportunities across the group’s core sectors.

He also said each of the five companies has the potential to become a $100 billion business over time.

Agarwal highlighted Vedanta’s focus on improving gender diversity, saying women now hold more than 27% of leadership positions at the company. He said Vedanta aims to increase women’s participation across its workforce to 35%, adding that women are leading mines, running production facilities and serving in senior leadership roles across the organisation.

Shares of Vedanta Ltd ended 0.78% lower at ₹267.55 on the NSE on July 14, down ₹2.10 from the previous close.