Vedanta to infuse over ₹50,000 crore investment across businesses to add atleast $2.5 billion to annual EBITDA
Their objective is to augment annual EBITDA by a minimum of $2.5 billion ( ₹20,750 crore), executives were quoted as saying in investors meeting by PTI
Mining conglomerate Vedanta said that it plans to inject $6 billion ( ₹50,000 crore) into various sectors including aluminium, zinc, iron ore, steel, and oil and gas.
Their objective is to augment annual EBITDA by a minimum of $2.5 billion ( ₹20,750 crore), executives were quoted as saying in investors meeting by PTI.
They revealed a pipeline comprising over 50 active projects and expansions aimed at fueling growth.
These initiatives are projected to yield incremental revenue exceeding $6 billion.
Additionally, they anticipate a surge in EBITDA from an estimated $5 billion in the current fiscal year ending March 31 to $6 billion in the following fiscal year, and potentially up to $7.5 billion by FY27.
Anil Agarwal, the Chairman of Vedanta, during the meeting expressed that the company is poised to reach new heights over the next 25 years.
Naveen Agarwal, the Vice Chairman and Anil's brother, elaborated on the company's strategic plans during the presentation.
According to PTI, several significant projects slated for immediate commissioning include expanding the Lanjigarh Aluminium facility's refinery from 2 million tonnes per annum to 5 million tonnes, enlarging BALCO's capacity to 1 million tonnes, launching the Athena and Meenakshi power plants to nearly double the commercial power portfolio to 5 GW, increasing the capacity at the Gamsberg Zinc facility to elevate Zinc International's capacity to 500,000 tonnes from the current 273,000 tonnes, ramping up iron ore production from 5.3 million tonnes to 13 million tonnes, and achieving the status of India's largest ferro-alloys producer with an annual capacity of 500,000 tonnes
