Vedanta, a multinational mining conglomerate, has a pipeline of over 50 active projects and expansions which are anticipated to spur growth. Upon completion, these projects are expected to generate incremental revenue exceeding $6 billion.
A series of growth initiatives are currently underway, grouped into three distinct stages: discovery, concept, and execution. These initiatives span different sectors, including aluminium, zinc, base metals, steel, copper, and power. The discovery stage involves identifying potential growth areas, the concept stage revolves around developing strategies and plans, while the execution stage focuses on implementing these strategies. These initiatives aim to spur growth and expansion in each of these sectors.
Several significant projects are set to be commissioned in India, including the refinery expansion at the Lanjigarh Aluminium facility in Odisha, which will increase its capacity from two million tpa to five million tpa. Additionally, a million tpa expansion is planned at BALCO. The Athena and Meenakshi power plants in Chhattisgarh and Andhra Pradesh respectively, with an aggregate capacity of 2.2 GW, will be commissioned, taking the commercial power portfolio to five GW The Gamsberg Zinc facility in South Africa will also undergo capacity expansion to deliver 500,000 tonnes MIC. Furthermore, there are plans to become India’s largest ferro-alloys producer with a capacity of 500,000 tpa.
Vedanta, owned by Anil Agarwal, is diversifying into semiconductor and display glass manufacturing. The company, with assets in metals, minerals, iron ore, steel, and power, announced in September 2023 the creation of independent verticals for its power, aluminium, oil and gas, and metals businesses via a demerger, aiming to unlock potential value. Post-demerger, Vedanta will retain Hindustan Zinc along with the display and semiconductor manufacturing units.
