your password has been reset successfully, Please login again.

Vedanta will endow $6 billion in capacity expansion, says Anil Aggarwal

Vedanta plans to invest $6 billion to expand its capacity.
BY BEx Bureau
Jun 27, 2017

Vedanta plans to invest $6 billion in 3-4 years period for capacity expansion of the company, says Anil Aggarwal Chairman of Vedanta Resources Plc.

Vedanta is on the top 10 diversified natural resources powerhouse with a market value of $14 billion.

Anil Aggarwal, chairman Vedanta Resources Plc said that Working on creating a natural resources giant anchored in India, Vedantas dream has only just begun and it will invest $6-7 billion in expanding overall capacity in 3-4 years, metals and mining baron.

He added that India could become natural resources powerhouse because of its rich natural wealth but there is lack of natural resources based companies.

We are far behind on exploration front. Our exploration of natural wealth is minuscule when we compare it with advanced nations like the US and Australia, he said, adding that government thrust could change the scenario.

The company is aiming to produce 50% of Indias oil production as it wants to cut on huge import bills, he said.

We are looking at 3,50,000 barrel of oil and to have 100,000 barrel equivalent to gas," he said, adding that for aluminium, the company was looking at 3 million tonnes capacity.

Please add your Comment
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta