THEBUSINESSBYTES BUREAU

MUMBAI, JUNE 17, 2026

Projecting a bold vision for India's industrial and economic future, Vedanta Group Chairman Anil Agarwal has outlined a massive expansion roadmap involving investments of $20 billion over the next three years, the creation of multiple sector-focused listed entities, and a strong push towards making India self-reliant in critical natural resources.

Addressing shareholders and market participants at the historic Bombay Stock Exchange, Agarwal said Vedanta's next phase of growth would be driven by the increasing global demand for minerals, metals, energy and technology-enabled industries, positioning the company at the centre of India's economic transformation.

"Tomorrow's economy with AI and energy transition at the forefront is going to be highly mineral, metal and oil and gas intensive. These are the sectors in which we operate. Today, India imports 50 per cent of their natural resources. We have all the resources, we have the geology, we have all the resources. There are ample resources in our land," he said.

Reflecting on Vedanta's journey since its listing on the London Stock Exchange nearly 24 years ago, Agarwal highlighted the company's strong value creation record, noting that it had delivered a total shareholder return of 300 per cent over the past five years along with a cumulative dividend yield of 55 per cent.

As part of a major corporate transformation, Vedanta is moving ahead with the creation of five independent businesses spanning power, iron and steel, oil and gas, aluminium and other natural resource segments. According to Agarwal, each of these businesses has the potential to evolve into a $100-billion enterprise in the coming years.

The billionaire entrepreneur also unveiled plans for a large industrial ecosystem around Vedanta's operations. "Vedanta's five companies are being made. Along with this, we are making an industrial park in which 400-500 more industries will be built. And for that, industries ranging from ₹5 crore to ₹500 crore should be built. And we want to put it together," he said.

Highlighting the company's energy ambitions, Agarwal said Vedanta Power aims to significantly scale up its generation capacity, leveraging its coal assets and exploring opportunities in nuclear energy. The company has set a long-term target of producing 50,000 MW of power, including plans for 20,000 MW of nuclear power generation.

In the steel business, Vedanta is targeting a substantial increase in capacity from 4 million tonnes to 15 million tonnes, while focusing on green steel, electric steel and specialty steel production. The company also plans to aggressively expand its oil and gas business with a long-term objective of producing one million barrels per day.

Agarwal described Vedanta Aluminium as a major growth engine amid rising global demand and emphasized the company's integrated access to critical raw materials such as bauxite and coal.

He also underscored Vedanta's growing role in strategic minerals, including nickel, manganese, ferrochrome and copper, which are increasingly vital for electric mobility, energy transition and industrial manufacturing. The company is currently India's only producer of nickel and plans to significantly ramp up output to reduce import dependence.

Reaffirming Vedanta's commitment to shareholder value, Agarwal said the group would continue to prioritize dividends while creating long-term wealth. He also revealed that Vedanta Resources, which was delisted earlier, has the potential to relist at a valuation of $100 billion, with the company evaluating various options.

On technology and innovation, Agarwal said artificial intelligence has become integral to Vedanta's operations, helping improve productivity and efficiency. "Vedanta is very technologically driven. Artificial intelligence is part of our DNA and we have increased production by 25-30 per ceent. This company is not a mineral company. It is going to be a technology company," he said.

Emphasizing nation-building and sustainable development, Agarwal said Vedanta's mission extends beyond business growth. "Vedanta is now in its new avatar. We are still very young. This is only the beginning. These companies must serve India for hundreds of years. This is the institution we are creating," he said.

With a growing workforce, expanding resource portfolio and ambitious investment pipeline, Vedanta's latest roadmap signals one of the most significant growth plans unveiled by an Indian natural resources conglomerate, reinforcing its aspiration to play a pivotal role in India's journey towards resource security, industrial self-reliance and long-term economic growth.