Vedanta, a mining and metal giant, is planning to invest Rs 1 lakh crore in Rajasthan that includes renewable power, said the company’s director Priya Agarwal Hebbar after meeting Rajasthan’s Chief Minister Bhajan Lal Sharma. 

Priya Agarwal said, “Some of our largest businesses, Hindustan Zinc and Cairn India, are situated in the state, and we have invested more than 1 lakh crore over the last few years towards the creating opportunities, strengthening industries and empowering communities in Rajasthan.” 

Priya added that moving forward the company looks to contribute close to another 1 lakh crore towards development including a large-scale renewable power initiative.

The conglomerate led by billionaire Anil Agarwal is involved in both domestic and foreign ventures in the areas of oil and gas extraction, conventional ferrous vertical (which includes steel and iron ore), power generation (coal and renewable energy), semiconductor and display glass manufacturing, and metals and minerals (zinc, silver, lead, aluminium, chromium, copper, nickel).

The company announced last year that it will build distinct verticals by demerging core businesses, such as its metals, electricity, and oil and gas divisions, in order to realise potential value.

The business intends to list six distinct entities, including:

• Vedanta Aluminium
• Vedanta Oil & Gas
• Vedanta Power
• Vedanta Steel and Ferrous Materials
• Vedanta Base Metals
• Vedanta Limited

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