Udaipur, July 15: Vedanta Group Chairman Anil Agarwal presented the ambitious vision of “Vedanta Unlimited” at the 61st Annual General Meeting (AGM) of Vedanta Limited. Addressing shareholders, he said the company’s future growth strategy will be driven by three pillars — Produce More, Partner Better, and Purpose Beyond Profit.
Referring to the successful completion of Vedanta’s historic demerger, Agarwal said each of the group’s five independent companies — Vedanta Limited (NSE: VEDL), Vedanta Aluminium Metal Limited (NSE: VAML), Vedanta Oil & Gas Limited (NSE: VOGL), Vedanta Iron & Steel Limited (NSE: VISL), and Vedanta Power Limited (NSE: VEDPOWER) — has the potential to become a $100 billion company.
Addressing shareholders, Agarwal said, “A year ago, you were shareholders of a single integrated company. Today, you have five separate opportunities. Very few corporate transformations in the world have created such a significant opportunity for shareholders. We believe this is only the beginning.”
Record Performance in FY 2025-26
Calling FY 2025-26 a landmark year, Agarwal said, “This year, we recorded our highest-ever revenue of ₹1,74,075 crore and highest-ever profit of ₹25,096 crore.”
Vedanta also reported its highest-ever EBITDA of ₹55,976 crore during FY 2025-26. The company’s net debt-to-EBITDA ratio stood at 0.95x, marking its best performance in the last 14 quarters.
Produce More
Agarwal said the first “P” of Vedanta’s strategy, Produce More, marks the beginning of the company’s next phase of growth.
He said the company aims to nearly triple its zinc and lead production to 3 million tonnes by 2031. Silver production is expected to double to 1,500 tonnes, while copper production is targeted to reach 1 million tonnes by the end of this decade. Vedanta also plans to increase ferrochrome capacity to 500,000 tonnes by FY 2027-28 and nickel production to 60,000 tonnes.
He added that the company will accelerate exploration activities across 10 critical and strategic mineral blocks, including lithium, cobalt, gold, copper, nickel, manganese, rare earth elements and potash.
Reiterating the expansion plans of the demerged companies, Agarwal said, “Vedanta Aluminium is an outstanding company. Over the next three years, we will increase its production capacity to 6 million tonnes per annum and aim to become the world’s lowest-cost producer. Vedanta Oil & Gas has a target of producing 500,000 barrels per day. To achieve this, an investment of $5 billion will be made over the next three to five years. Vedanta Iron & Steel will expand its capacity from 4 million tonnes to 15 million tonnes per annum, with a special focus on green steel and specialty steel. Vedanta Power has a clear roadmap to reach 20,000 MW capacity and will also enter the nuclear power sector.”
Partner Better
Describing technology as Vedanta’s strongest partner, Agarwal said, “The future belongs to companies that embrace technology. Artificial Intelligence is transforming industries worldwide. Technology is our greatest strength. Whether it is exploration, operations, sustainability, safety or productivity, we are rapidly integrating technology across all our businesses. Our goal is clear — to become smarter, faster, safer and better.”
Purpose Beyond Profit
Reaffirming Vedanta’s commitment to nation-building, Agarwal said, “This year alone, we have contributed more than ₹62,000 crore to the Government of India’s revenues. Over the last 10 years, our total contribution has been nearly ₹5 lakh crore.”
He further highlighted Vedanta’s flagship social initiative, Nand Ghar, a network of modern Anganwadi centres, which has expanded to 15,000 centres across 17 states. He said the initiative has the potential to positively impact the lives of 100 million women and children across the country.
Speaking about India’s strategic opportunity, Agarwal said, “Resource security has now become a part of national security. We are not only in the business of resources but are also playing our role in building India.”
Concluding his address, Agarwal thanked shareholders for their continued trust and support. He said, “Together, we have built a stronger Vedanta. Now, together, we will build five extraordinary futures. ‘Vedanta Unlimited’ represents this vision. Your trust remains our greatest strength.”
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
