THEBUSINESSBYTES BUREAU

NEW DELHI, JULY 14, 2026

Riding on a record financial performance and the successful completion of its landmark demerger, Vedanta Group Chairman Anil Agarwal has unveiled an ambitious roadmap for the conglomerate’s next phase of growth under the banner of ‘Vedanta Unlimited’, anchored on three strategic pillars — Produce More, Partner Better and Purpose Beyond Profit.

Addressing shareholders at Vedanta Limited’s 61st Annual General Meeting (AGM) on Tuesday, Agarwal outlined a long-term strategy aimed at accelerating production, embracing cutting-edge technology and strengthening the company’s nation-building agenda. He said each of Vedanta Group’s five newly created pure-play companies has the potential to emerge as a $100-billion enterprise, unlocking significant value for investors.

"A year ago, you were shareholders of one integrated company. Today, you own five opportunities. Very few corporate transformations anywhere in the world have created such an opportunity for shareholders. And we believe this is only the beginning," Agarwal said.

The five demerged entities include Vedanta Limited (NSE: VEDL), Vedanta Aluminium Metal Limited (NSE: VAML), Vedanta Oil and Gas Limited (NSE: VOGL), Vedanta Iron and Steel Limited (NSE: VISL), and Vedanta Power Limited (NSE: VEDPOWER).

Highlighting FY2026 as a milestone year, Agarwal said Vedanta delivered its strongest-ever financial performance, posting record revenue of ₹1,74,075 crore and its highest-ever profit of ₹25,096 crore.

"This year, we recorded a record revenue of ₹1,74,075 crore and the best-ever profit of ₹25,096 crore,” he said.

The company also reported its highest-ever EBITDA of ₹55,976 crore, while improving its balance sheet with a Net Debt/EBITDA ratio of 0.95x, the best level in 14 quarters.

Under the first pillar, Produce More, Agarwal detailed an ambitious expansion plan across Vedanta’s metals, mining, energy and critical minerals businesses.

Vedanta aims to nearly triple zinc and lead production to 3 million tonnes by 2031, double silver output to 1,500 tonnes, expand copper production to 1 million tonnes by the end of the decade, increase ferrochrome capacity to 500,000 tonnes by FY2028, and raise nickel production to 60,000 tonnes. The company is also accelerating exploration across ten critical and strategic mineral blocks, including lithium, cobalt, gold, copper, nickel, manganese, rare earths and potash.

He also reaffirmed aggressive growth targets for the demerged companies.

"Vedanta Aluminium is a remarkable company...over the next three years, we will double our capacity to 60 lakh tonnes per year at the lowest cost in the world. At Vedanta Oil and Gas, we aim to produce 500,000 barrels per day. To achieve this target, we will invest five billion dollars over the next three to five years. Vedanta Iron and Steel will grow from four million tonnes to 15 million tonnes annually with a focus on green steel and specialty steel, while Vedanta Power has a clear roadmap to expand to 20,000 MW and will also foray into nuclear power."

The second pillar, Partner Better, places technology and artificial intelligence at the centre of Vedanta’s future strategy.

"The future belongs to companies that embrace technology. Artificial intelligence is transforming industries across the world. Technology is our best partner. Whether it is exploration, operations, sustainability, safety or productivity, we are deeply embedding technology across every one of our businesses. Our goal is simple: To become smarter. Faster. Safer. And better," Agarwal said.

Under the third pillar, Purpose Beyond Profit, Agarwal reiterated Vedanta’s focus on creating long-term social and national value alongside business growth.

"This year alone, we contributed more than ₹62,000 crore to India's exchequer. Over the past decade, this contribution has been nearly ₹5,00,000 crore," he said.

He also highlighted the company’s flagship social initiative, Nand Ghar, which now operates 15,000 modernised anganwadi centres across 17 states and has the potential to benefit 10 crore women and children across the country.

Emphasising the strategic importance of domestic resources, Agarwal said, "Resource security has now become national security... We are not just in the business of resources; we are in the business of building India."

Concluding his address, Agarwal thanked shareholders for their continued support and reaffirmed confidence in Vedanta’s next phase of growth.

"Together, we have built one remarkable Vedanta. Together, we will now build five extraordinary futures. Vedanta Unlimited. Your trust is our greatest strength," he said.