Each demerged Vedanta entity has potential to become a $100 billion company: Anil Agarwal

Vedanta Group Chairman Anil Agarwal has outlined an ambitious growth roadmap for the conglomerate following its historic demerger, saying each of the group's five pure-play companies has the potential to become a $100 billion enterprise. 

Speaking at Vedanta Ltd's 61st Annual General Meeting (AGM), Agarwal unveiled the group's new vision, 'Vedanta Unlimited', centred on three strategic pillars—Produce More, Partner Better and Purpose Beyond Profit. 

Reflecting on the completion of Vedanta's demerger, Agarwal said shareholders now own stakes in five focused businesses—Vedanta Ltd, Vedanta Aluminium Metal Ltd, Vedanta Oil and Gas Ltd, Vedanta Iron and Steel Ltd, and Vedanta Power Ltd. "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," he said. 

Record financial performance 

Calling FY25-26 a landmark year for the company, Agarwal said Vedanta posted its highest-ever revenue of ₹1,74,075 crore and a record profit of ₹25,096 crore. The company also reported its highest-ever EBITDA of ₹55,976 crore while its net debt-to-EBITDA ratio improved to 0.95x, the lowest level in 14 quarters. 

Aggressive expansion plans 

Under the first pillar, 'Produce More', Agarwal outlined an ambitious production expansion plan across Vedanta's businesses. 

The company 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. 

Vedanta also plans to accelerate exploration across its 10 critical and strategic mineral blocks, including lithium, cobalt, gold, copper, nickel, manganese, rare earth elements and potash. 

Agarwal also detailed expansion plans for the demerged companies. He said Vedanta Aluminium plans to double its production capacity to 6 million tonnes annually over the next three years while maintaining one of the world's lowest production costs. 

Vedanta Oil and Gas aims to increase production to 500,000 barrels per day, supported by an investment of $5 billion over the next three to five years. 

Meanwhile, Vedanta Iron and Steel plans to expand capacity from 4 million tonnes to 15 million tonnes annually, with a focus on green and specialty steel, while Vedanta Power has drawn up a roadmap to increase generation capacity to 20,000 MW and enter the nuclear power segment. 

AI to drive next phase of growth 

Highlighting technology as a key enabler of future growth, Agarwal said artificial intelligence would play a transformative role across Vedanta's businesses. "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," he said. 

₹62,000-crore contribution to exchequer 

Reiterating Vedanta's commitment to nation-building, Agarwal said the company contributed more than ₹62,000 crore to the government's exchequer during FY25-26. "Over the past decade, this contribution has been nearly ₹5 lakh crore," he added. 

On the social impact front, he said Vedanta's flagship Nand Ghar initiative now operates 15,000 modernised anganwadi centres across 17 states, with the potential to benefit 10 crore women and children across the country. 

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, he thanked shareholders for their continued support and said the group's next phase of growth would be driven by the newly demerged businesses.