Vedanta to Invest $20 Billion in India Over Next 4–5 Years: Anil Agarwal.

Vedanta Ltd plans to invest $20 billion across its businesses over the next four to five years, aiming to position each of its soon-to-be demerged entities as leaders in their respective sectors, group chairman Anil Agarwal said.

The company recently received clearance from the National Company Law Tribunal (NCLT) for the demerger, which will result in the creation of four new entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel. Vedanta Ltd will retain the group’s stake in Hindustan Zinc and serve as an incubator for new and emerging businesses.

Agarwal said the company expects to invest around $4 billion each in oil and gas and aluminium, with another $2 billion planned for zinc and silver, alongside further investments in iron ore and steel. “Each company should be like Vedanta, in terms of numbers, dividend, and growth,” he added.

Aluminium and zinc remain Vedanta’s largest businesses, accounting for over 80 per cent of consolidated EBITDA. The group plans to double capacities in these sectors, while also targeting a four-fold increase in silver production to 3,000 tonnes. In oil and gas, the company aims for production of up to one million barrels, with a near-term target of 300,000–500,000 barrels from onshore, offshore, and Northeast fields.

In addition, Vedanta will invest $2.5 billion to develop 18,000 MW of power capacity through a mix of thermal and renewable energy, while its steel business will focus on green steel initiatives.