MUMBAI: Vedanta Group Chairman Anil Agarwal on Thursday said each of the group’s five pure-play entities has the potential to become a $100-billion company following the successful completion of its demerger.
Addressing shareholders at Vedanta Limited’s 61st Annual General Meeting (AGM), Agarwal said the five entities are Vedanta Limited, Vedanta Aluminium Metal Limited, Vedanta Oil and Gas Limited, Vedanta Iron and Steel Limited and Vedanta Power Limited. “A year ago, you were shareholders of one integrated company. Today, you own five opportunities,” he said.
Calling FY2026 a landmark year, Agarwal said Vedanta recorded a revenue of Rs 1,74,075 crore and a profit of Rs 25,096 crore. The company also posted its highest-ever EBITDA of Rs 55,976 crore and a net debt/EBITDA ratio of 0.95x, the best in 14 quarters.
He said the company’s future would be guided by three pillars — “Produce More, Partner Better and Purpose Beyond Profit”. Under the first pillar, he outlined plans 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 and raise ferrochrome capacity to 500,000 tonnes by FY2028.
Agarwal also said Vedanta Aluminium aims to double its capacity to 60 lakh tonnes per year over the next three years, while Vedanta Oil and Gas targets production of 500,000 barrels per day. He said Vedanta Iron and Steel plans to grow annual output from 4 million tonnes to 15 million tonnes, and Vedanta Power has a roadmap to expand to 20,000 MW and enter nuclear power.
On the second pillar, Agarwal said technology, including artificial intelligence, would be deeply embedded across the company’s businesses to improve exploration, operations, safety, sustainability and productivity.
On the social impact front, he said Vedanta contributed more than Rs 62,000 crore to the Indian exchequer in FY2026 and nearly Rs 5,00,000 crore over the past decade. He also said the company’s Nand Ghar programme has 15,000 centres across 17 states.
