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Tag Archives: Anil Agarwal

Vedanta reaffirms nation-building role with Rs 4.5 lakh crore tax contribution over decade; Contributes Rs 55,349 crore in FY25

THEBUSINESSBYTES BUREAU MUMBAI, JUNE 19, 2025 Vedanta Limited, India’s leading natural resources and energy conglomerate, has contributed a staggering Rs 4.48 lakh crore to government exchequers over the past decade, reaffirming its commitment to fiscal transparency and national development. The figures were unveiled in the 10th edition of Vedanta’s annual Tax Transparency Report (TTR), underscoring the company’s responsible tax practices ...

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Vedanta University vision receives global endorsement from Dr. Deepak Chopra

THEBUSINESSBYTES BUREAU BHUBANESWAR, JUNE 11, 2025 In a recent social media post, globally renowned physician and author Dr. Deepak Chopra expressed strong support for industrialist Anil Agarwal’s longstanding vision of establishing a world-class university in India. Reflecting on a recent conversation with Agarwal at London’s historic Riverside Studios — now under the stewardship of the Vedanta Chairman — Dr. Chopra ...

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Anil Agarwal revives vision amid global education shifts as Vedanta plans world-class university in Puri

THEBUSINESSBYTES BUREAU BHUBANESWAR, MAY 26, 2025 In a bold reaffirmation of its commitment to higher education, Vedanta Group Chairman Anil Agarwal announced plans to establish a world-class, not-for-profit university in Puri, Odisha. With global uncertainties reshaping the academic landscape, the initiative is being positioned as India’s opportunity to emerge as a new hub for international-caliber higher education. Sharing his vision ...

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Vedanta Limited FY25 profit soars 172pc to ₹20,535 crore, achieves record annual revenue

THEBUSINESSBYTES BUREAU MUMBAI, MAY 5, 2025 Billionaire industrialist Anil Agarwal-led Vedanta Limited reported a stellar financial performance for the fiscal year ended March 31, 2025 (FY25), with consolidated profit after tax (PAT) skyrocketing 172 per cent year-on-year (YoY) to ₹20,535 crore. The metals-to-mining conglomerate also posted its highest-ever annual revenue of ₹1,50,725 crore, a robust 10 per cent increase YoY, ...

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Each of the demerged companies has the potential to become a $100 billion entity: Vedanta Chairman Anil Agarwal

THEBUSINESSBYTES BUREAU BHUBANESWAR, MARCH 26, 2025 Vedanta Ltd. Chairman Anil Agarwal has expressed his confidence that each of the company’s demerged entities has the potential to grow into a $100 billion company. In a letter to shareholders, Agarwal reiterated Vedanta’s commitment to unlocking value, driving India’s natural resources sector, and ensuring long-term growth for stakeholders. Vedanta’s proposed demerger aims to ...

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Vedanta Chairman meets Odisha CM, discusses investment

THEBUSINESSBYTES BUREAU BHUBANESWAR, FEBRUARY 22, 2025 Vedanta Group Chairman Anil Agarwal met Odisha Chief Minister Mohan Charan Majhi at Lokseva Bhavan on Saturday to discuss investment opportunities in the state. The meeting follows the recent Utkarsh Odisha – Make in Odisha Conclave 2025, where Agarwal had announced a massive Rs 1 lakh crore investment to establish an aluminium refinery and ...

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Vedanta Aluminium signs MoU with Gujarat Alkalies and Chemicals

TBB BUREAU NEW DELHI, JAN 02, 2024 Anil Agarwal-led Vedanta Ltd. (Aluminium Business) has signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Ltd (GACL) for exploring various business opportunities in the areas of caustic-chlorine and other allied businesses. The MoU aims to recognize the potential of adding value to the businesses of both Vedanta Aluminium and GACL, ...

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Vedanta appoints Sonal Shrivastava as Chief Financial Officer

TBB BUREAU MUMBAI/NEW DELHI, MAY 15, 2023 Globally diversified natural resources conglomerate Vedanta Limited on Monday announced the appointment of Sonal Shrivastava as the Chief Financial Officer (CFO) of the company with effect from June 1, 2023. She joins Vedanta from Holcim Group where she worked as the CFO for Asia Pacific, Middle East & Africa operations. In her role ...

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Vedanta Aluminium pavilion at Make In Odisha Conclave-2022 attracts thousands of visitors over five days

TBB BUREAU BHUBANESWAR, DEC 7, 2022 Vedanta Aluminium, India’s largest producer of aluminium, hosted thousands of visitors at its pavilion in the Make In Odisha-2022, the five-day mega investment conclave by the Odisha Government held at Janata Maidan here from November 30 to December 4. Themed on ‘nurturing the art of the past to investing in the metal of the ...

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Odisha CM lays foundation stone of Vedanta Aluminium Park

TBB BUREAU BHUBANESWAR, DEC 1, 2022 Odisha Chief Minister Naveen Patnaik on Thursday laid the foundation of a mega aluminium park, to be set up by Vedanta Ltd. at Jharsuguda.  The Chief Minister laid the foundation stone by pressing the button in presence of Vedanta Resources Ltd Chairman Anil Agarwal at the ongoung Make In Odisha 2022 Conclave here. Vedanta’s ...

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We stand testimony to what is possible if you make in Odisha: Vedanta Resources Chairman

TBB BUREAU MUMBAI, SEPT 14, 2022 “We (Vedanta) stand testimony to what is possible if you make in Odisha. It is amongst the most favourable investment destinations in India, ably led by the stable governance, leadership, and vision of Shri Naveen Patnaik Ji which is reflected in the state’s Ease of Doing Business rankings,” said Vedanta Resources Chairman Anil Agarwal ...

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Vedanta to create hub to manufacture iPhones, TV equipment in India

TBB BUREAU NEW DELHI, SEPT 14, 2022 A day after announcing a $19.5 billion investment with Taiwan’s Foxconn to set up semiconductor and display production plants in Gujarat,  Anil Agarwal-led conglomerate Vedanta Ltd on Wednesday said that the company would look at creating a hub to manufacture Apple’s iPhones and TV equipment, along with possibly diving into the electric vehicle ...

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Vedanta signs MoUs with Government of Gujarat to set up semiconductors and display fab units

TBB BUREAU DELHI/AHMEDABAD, SEPT 13, 2022 In a major step towards making India self-sufficient in the critical area of semiconductors and displays in line with Prime Minister Narendra Modi’s bold vision to make India Aatmnirbhar (self-sufficient) in key futuristic technologies, Anil Agarwal-led Vedanta today signed two Memorandum of Understandings (MoUs) with the Government of Gujarat to set up a semiconductor ...

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Vedanta sets up its second COVID-19 facility in Odisha

TBB BUREAU BHUBANESWAR, JUNE 29, 2021 Vedanta Aluminium, India’s largest producer of aluminium and its value-added products, has dedicated a second COVID facility to the people of Odisha, developed at Eklavya Model Residential School, in Deogarh. With the new COVID facility at Deogarh, and a similar one at Kalahandi, Vedanta has added 300 critical care beds to bolster Odisha’s medical ...

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Vedanta dedicates 200-bed COVID Hospital to people of Kalahandi

TBB BUREAU BHUBANESWAR, JUNE 19, 2021 Vedanta Aluminium Power and Business, India’s largest producer of aluminium and its value-added products, has dedicated a 200-bed state-of-the-art COVID Hospital to the people of Odisha, to support the state government in providing timely and proper care to the critically ailing patients. Odisha Chief Minister Naveen Patnaik on Saturday inaugurated Vedanta’s largest Covid hospital ...

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