Vedanta Ltd. unveiled a vision for its next phase of growth at its 60th Annual General Meeting, with Chairman Anil Agarwal outlining a transformation plan built on demerger, diversification, and deleveraging. Backed by strong financials, record shareholder returns, and a growing portfolio of critical minerals and energy transition metals, Vedanta’s growth is aligned with India’s economic and energy ambitions. Vedanta also announced that it will incubate 1000 deep-tech start-ups. The company also reiterated its plans to establish India’s first industrial zinc and aluminium parks.
Speaking at the AGM, Chairman Mr. Anil Agarwal said, “Our 3D strategy, Demerger, Diversification and Deleveraging will enable us to double in size and unlock maximum value for our stakeholders.”
The world is seeing resource nationalism. Anil Agarwal emphasized the central role of natural resources and its significance to India’s economic future, particularly in enabling energy transition technologies like EVs and renewables, as well as digital infrastructure. With India’s geology comparable to resource-rich nations like Canada and Australia but only 25 percent explored, he said the time was ripe for accelerated growth in the critical minerals sector.
He added, “This is not just a story of growth, it is the story of realizing India’s aspirations. We are fully aligned with the needs of a developed Bharat.”
Vedanta is strategically positioned to lead this transformation. The company has secured 10 critical mineral blocks across India, one of the largest by any private sector company. This reinforces Vedanta’s transformation into a critical minerals, energy transition metals, energy, and technology conglomerate. It is also setting up the world’s first industrial Zinc Park and India’s largest Aluminium Park, aimed at nurturing thousands of MSMEs and creating lakhs of employment opportunities, marking the beginning of a metal revolution in India.
A key highlight of the AGM was the company’s demerger plan. With over 99.5 percent shareholder and creditor approval, Vedanta is in the advanced stages of executing its ‘value-unlock’ proposal. Once completed, shareholders will receive shares in each of the four newly demerged entities. Each business will have its own strategic focus, investor base, and growth path, with the potential to grow into $100 billion enterprises.
Chairman Agarwal emphasized, “Each business will get a renewed focus, new investors, and a unique opportunity to achieve its full potential.”
In line with its long-term strategy, Vedanta is also incubating future industrial champions. The company announced plans to partner with 1000 startups in deep tech space, through what is set to become one of India’s largest industrial incubator platforms in the manufacturing sector. These initiatives aim to future-proof operations and support India’s broader goals of self-reliance and economic leadership.
Agarwal also reiterated the company’s commitment to sustainability, technology, and social development. Hindustan Zinc has been ranked 1st in the global metals and mining sector, while Vedanta Aluminium is 2nd in the aluminium category in the S&P Global Corporate Sustainability Assessment 2024. The company remains committed to achieving net zero emissions by 2050. Its flagship social impact initiative, Nand Ghar, has crossed 8,500 centres across 15 states, supporting child development and women’s empowerment.
He also outlined a lifelong dream to set up a world-class educational institute in India. Agrawal further added, “This will be another pillar of our Corporate Social Responsibility initiatives. Vedanta University will be a world-class institution inspired by the likes of Harvard. This will not only bring global standards of research and education to India, but also help nurture the next generation of scientists, engineers, and leaders, all at home.”
Vedanta’s performance in FY 2024–25 has been robust, with revenues of Rs 1,50,725 crore and EBITDA of Rs 43,541 crore. It emerged as one of the top wealth creators in the NIFTY 100, delivering a total shareholder return of 87 percent. Hindustan Zinc is setting up a 2.5 lakh tonne integrated smelting complex with a Rs 12,000 crore investment. In Oil & Gas, Cairn has acquired seven new OALP blocks and aims to double production to 3 lakh barrels per day. Aluminium capacity is being expanded to 31 lakh tonnes, with a new 30 lakh tonne greenfield smelter also planned.
The Chairman concluded by acknowledging the contribution of Vedanta’s 1 lakh strong workforce, noting that 22 percent of its workforce and 28 percent of its leadership are women, with a goal of 30 percent female representation by 2030.
