Ahead of Independence Day, Vedanta Limited (NSE: VEDL), India’s leading critical minerals, energy transition metals, energy, and technology conglomerate, announced a major milestone – crossing USD 5 billion in capital expenditure in India from its total planned outlay of USD 8.5 billion within the country. These investments are focused on capacity expansions, backward integration, and raw material security projects, reinforcing India’s journey towards resource atmanirbharta and building a resilient industrial base capable of withstanding global market volatility.Vedanta operates some of the largest and most strategic natural resource assets in the country, including the world’s largest single-location aluminium smelter, the world’s largest underground zinc mining site, the world’s largest single location zinc-lead smelter, and India’s largest onshore oil field. In the past two fiscals alone, the company has invested nearly USD 2.5 billion in India to boost production capacity, strengthen backward integration, integrate new technologies and expand its value-added product portfolio.
In the first quarter of the current fiscal year, Vedanta’s subsidiary business Hindustan Zinc announced an investment of USD 1.4 billion as part of its board-approved first phase of doubling capacity plans. The investment is centred towards setting up a 250 KTPA integrated smelting complex in Udaipur along with mines and mills expansion.
