Anil Agarwal

Anil Agarwal

Non-Executive Chairman, Vedanta Limited
Birth Details1954 | Patna, Bihar, India
NationalityIndian
LeagueBusiness Leader
EducationMatriculation, Miller High School, Patna
Net Worth$3.1 billion (as of May 26, 2020)
Anil Agarwal's Assets:

Anil Agarwal's Journey so far ...
  • After completing his school in Patna, Anil Agarwal decided to help his father in the family aluminium business
  • He soon decided to leave Patna for Mumbai where he started a scrap metal business in 1975. He expanded the business and set up the group in 1976.
  • In 2003, Agarwal listed Vedanta Resources on the London Stock Exchange and in doing so, the company became the first Indian firm to list on the LSE. The IPO was oversubscribed three times. Vedanta listed on the New York Stock Exchange in 2007
  • The company however delisted from the LSE in 2018 and he offered $1 billion for the remaining one-third of the firm
  • Headquartered in London, Vedanta is present in oil and gas, zinc, aluminium, power, iron ore, steel and copper sectors
  • In one of the biggest acquisitions of a PSU, Vedanta acquired the government's 51% stake in Bharat Aluminium Company Limited (BALCO) for Rs 551.50 crore in 2000-01
  • The following year saw Vedanta acquiring another PSU, Hindustan Zinc Limited (HZL). It bought the government's 26% stake in HZL for Rs 445 crore and later went on to pick up another 38.92% of the company.
  • Under his watch, Vedanta acquired 58.5% of Cairn India from its UK parent Cairn Energy in 2011 for an estimated valuation of $8.7 billion
  • In 2017, Anil Agarwal's family trust Volcan Investments bought a 13% stake in British miner Anglo American, the owner of the world's largest diamond producer De Beers, for $2.4 billion. He later raised the stake to about 22%; however, he exited in 2019

Before you go ...

Last Updated: 15/02/2021

Anil Agarwal News

  • Vedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlocking about Rs 63,500 crore in shareholder value. Since the demerger’s April 29 ex-date, investors have gained roughly 22.5%, with the combined market capitalization of the five standalone entities rising from Rs 3.02 lakh crore to Rs 3.66 lakh crore.
  • Anil Agarwal plans to relist Vedanta Resources, potentially in the US. The group intends to invest $100 billion in India's metals and minerals sector. Vedanta will be restructured into five separate listed companies. This move aims to scale businesses independently and meet the country's growing resource demand. Agarwal sees significant potential in the oil and gas division.
  • On Monday, Anil Agarwal's diversified commodities empire takes a bold step as four of its companies make their debut listings. This strategic overhaul is designed to enhance shareholder value and streamline operations. Investors can now invest in distinct sectors including aluminium, power, oil and gas, and iron and steel.
  • Vedanta’s four demerged businesses will begin trading on June 15, completing a major corporate restructuring. The listings will enable market-driven price discovery, help unlock shareholder value and allow each standalone company to pursue sector-specific growth opportunities independently.
  • Anil Agarwal's UK-based Vedanta Resources is preparing to refinance $5.2 billion of dollar-denominated bonds and loans as it seeks to lower borrowing costs following recent credit-rating upgrades. The refinancing will cover $3.6 billion of bonds maturing between 2028 and 2033 and $1.6 billion of loans due from 2028 onward.
  • Vedanta shares dipped over 1% following reports of Enforcement Directorate searches at its offices concerning royalty payments to its parent company. This comes after a significant corporate restructuring involving the demerger of several business units. Despite recent rating upgrades, the stock remains under scrutiny.
  • Odisha Chief Minister Mohan Charan Majhi announced that Vedanta's proposed projects, valued over Rs 1 lakh crore, will undergo fortnightly reviews to ensure swift execution. These initiatives, including a new alumina refinery and aluminium smelter, aim to significantly boost Odisha's economy and infrastructure, creating numerous jobs and positioning the state as a global aluminium hub.
  • Bihar is set to make a positive decision on forming its own Indian Premier League cricket team. Chief Minister Samrat Choudhary has agreed with the proposal, emphasizing a clear vision and mission for Bihar's cricketing future. Sports Minister Shreyasi Singh also expressed strong support, highlighting the readiness of the state's infrastructure to host matches and develop players.
  • Vedanta chairman Anil Agarwal is advocating for an IPL franchise for Bihar, emphasizing the state's rich cricketing talent and its right to a national identity. Highlighting players like Ishan Kishan and Vaibhav Suryavanshi, Agarwal expressed his dream of providing Bihar's youth with world-class sporting opportunities and support within the state.
  • Anil Agarwal's Vedanta Resources Ltd is in talks with global banks to refinance its $5.25-5.5 billion debt. The company aims to raise $3.5-3.7 billion through 10-year bonds and $1.5-1.7 billion via five-year loans. This move seeks to better align debt repayments with dividend inflows from its operating companies.
  • Vedanta Chairman Anil Agarwal urged swift mining reforms to boost domestic production of oil, gold, and other critical resources, aligning with Prime Minister Modi's call to conserve foreign exchange. Agarwal emphasized privatization and self-certification in clearances to unlock the potential of existing assets and reduce import dependency, citing Vedanta's success with Hindustan Zinc as an example.
  • Vedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for the company’s Rajasthan fields and support upstream exploration. Brokerage CLSA said the royalty cut could significantly benefit Vedanta, while investors also await the listing of its demerged entities.
  • Vedanta shares rose after adjusting for its demerger. The stock turned ex-demerger from April 30 (record date May 1), leading to a sharp price reset as four business units were spun off. Despite the adjustment, shares have rebounded strongly, reflecting positive investor sentiment.
  • Vedanta shares are poised for a significant adjustment tomorrow following a special pre-open session, with analysts projecting a price range of Rs 250-325 post-demerger. The company's restructuring will see shareholders receive one share each of four new entities for every Vedanta share held. This move aims to unlock value by separating its diverse business segments.
  • Vedanta Chairman Anil Agarwal has stated that NGSL, a joint venture between NTPC and GE, held full responsibility for the operations and maintenance of the Chhattisgarh power plant. An explosion at the plant on April 14 killed 25 workers. Agarwal drew an analogy to vehicle owners trusting drivers for safety.
  • Recent Strait of Hormuz tensions reveal India's deep dependence on imported oil. Vedanta Chairman Anil Agarwal stresses India is under-explored, not resource-poor. He advocates for faster exploration and investment, suggesting India could hold vast untapped hydrocarbon potential. Agarwal believes technology and global partnerships are key to reducing import reliance and securing India's energy future.
  • Lok Sabha MP Naveen Jindal voiced support for Vedanta Chairman Anil Agarwal. Jindal questioned Agarwal's naming in an FIR following a fatal boiler blast. He stressed the need for thorough investigation and accountability for the tragedy. Jindal highlighted concerns over due process and consistent standards for private sector accountability.
  • Vedanta Limited shares: The company reporteda boiler accident at its Chhattisgarh power plant, which left 10 workers dead and 24 injured. The company has launched an investigation with authorities and is assessing further details of the incident.
  • The Supreme Court of India has refused to halt Adani Enterprises' acquisition of Jaiprakash Associates, a decision impacting Vedanta Group. Vedanta had sought a stay, citing a lack of transparency in the insolvency process. The court deferred to the NCLAT, which is scheduled to hear related appeals on April 10.
  • Vedanta demerger: The Anil Agarwal-led company had already shifted the original deadline for the proposed demerger from March 31, 2025 to September 30, 2025 and then to March 31, 2026.
  • Indian billionaire Anil Agarwal’s Vedanta is challenging fellow tycoon Gautam Adani’s winning bid for bankrupt real estate firm Jaiprakash Associates in the Supreme Court. The $4 billion asset pool includes homes, power and cement plants, and India’s only Formula One track near New Delhi.
  • Vedanta Group has approached the Supreme Court seeking a stay on Adani Group's takeover of Jaiprakash Associates Ltd (JAL). Vedanta claims it was initially declared the highest bidder for JAL, but the decision was later reversed. Lenders, however, defend their choice of Adani's bid, citing upfront cash and faster repayment, despite Vedanta's higher financial offer.
  • Mining baron Anil Agarwal stated Vedanta was initially declared the highest bidder for a Jaypee Group asset. However, the decision was later reversed. Gautam Adani's group was the only other bidder. The National Company Law Tribunal approved Adani's bid, which Vedanta has challenged. The National Company Law Appellate Tribunal is hearing the case.
  • Vedanta shares dropped more than 3 percent on Friday. This happened after the stock became ex-date for its Rs 11 interim dividend. The company announced this dividend on Monday. The record date for eligibility was Saturday, March 28. Markets were closed on March 28. This made March 27 the effective record date. The fall also occurred amid broader market weakness.
  • Vedanta shares saw a nearly 3% surge after the board approved a third interim dividend of Rs 11 per equity share, amounting to Rs 4,300 crore. This move comes despite recent stock declines due to a Supreme Court ruling on diesel procurement and a challenge to Adani Group's acquisition bid. The company remains a popular choice for dividend investors.
  • The insolvency appellate tribunal NCLAT has ordered Vedanta Group to include Adani Group in its appeals. These appeals challenge the NCLT's approval of Adani's bid for Jaiprakash Associates Ltd. The tribunal cannot issue an ex-parte order. Adani Enterprises had previously outbid Vedanta for the acquisition. The case will be heard again soon.
  • Vedanta Group has appealed to the NCLAT against the NCLT's decision to approve Adani Group's bid for Jaiprakash Associates Ltd. The NCLT had earlier sanctioned Adani Enterprises Ltd's Rs 14,535 crore offer. Lenders had approved Adani's plan in November last year. Vedanta was also a contender for the acquisition.
  • Vedanta Chairman Anil Agarwal points to land acquisition issues, delayed clearances, and high mining premiums as major hurdles. He urges faster execution of auctioned mines to boost India's energy and mineral security. Agarwal suggests technology for land payments and streamlined approvals.
  • Highlighting how global conflicts can directly impact countries dependent on imports, Agarwal said India must reduce its reliance on overseas resources and build self-sufficiency by enabling domestic production.
  • Indian industrialist Anil Agarwal, worth $4.7 billion, reveals that his multi-billion-dollar empire was built not on grand strategies but on discipline in the smallest tasks. He emphasizes that consistency in seemingly insignificant actions like being punctual and prepared compounded over time, opening doors to significant opportunities and forming the foundation of Vedanta Group.
  • Vedanta Ltd shares surged upto 5% on Wednesday after BofA Securities upgraded the stock to “Buy” from “Neutral” and raised its target price sharply to Rs 840 from Rs 480. The brokerage turned positive on the back of a stronger outlook for aluminium and supportive silver prices, along with an estimated FY27 dividend yield of over 6%.
  • Vedanta Resources has raised $350 million from global banks. This financing will cover upcoming debt payments and interest costs. The deal involves lenders like First Abu Dhabi Bank, Mashreq Bank, Standard Chartered, Deutsche Bank, and JPMorgan. Twin Star Holdings, a family trust, is the guarantor. This move strengthens Vedanta's credit profile after a period of stress.
  • Anil Agarwal, an Indian billionaire and founder & non-executive chairman of Vedanta Ltd, highlights India's critical need for energy independence. He warns that relying heavily on imported oil and gas makes the nation strategically vulnerable. Agarwal calls for a significant increase in domestic exploration and production. He believes this will create jobs and ensure economic growth for India's future.
  • Industrialist Anil Agarwal praises the Union Budget. He notes its focus on growth and public capital expenditure. The budget aims to create jobs for youth and empower women. It also supports sectors like medical tourism. Special attention to critical minerals and rare earths is welcomed. This will boost growth and mineral security. The government is steering the economy steadily.
  • Vedanta reported a significant 61% year-on-year profit jump to Rs 5,710 crore in the third quarter. The company achieved its highest-ever quarterly EBITDA of Rs 15,171 crore, with a strong operational performance across most businesses, particularly in aluminium production.
  • Hindustan Zinc achieved its highest ever profit, sales, and EBITDA in the December quarter. This success was fueled by a significant rise in silver prices, boosted production, and reduced operational costs. The company anticipates continued strong performance in the upcoming March quarter. Silver production saw a notable increase, contributing substantially to the company's earnings.
  • Vedanta founder Anil Agarwal has renewed his promise to give away more than 75% of his wealth. This commitment follows the sudden death of his son, Agnivesh Agarwal, in the United States. Agarwal's life journey from humble beginnings in Bihar to a global industrialist is highlighted.
  • Vedanta chairman Anil Agarwal's son Agnivesh Agarwal died on Wednesday in the US at the age of 49. Agnivesh died following a cardiac arrest after a skiing accident. He was the chairman of Talwandi Sabo Power (TSPL), a subsidiary of Vedanta. Born in 1976, Agnivesh studied at Mayo College in Ajmer and later went on to set up Fujairah Gold, a metal refinery in the UAE. Agnivesh Agarwal also served as the chairman of Hindustan Zinc.
  • Vedanta Chairman Anil Agarwal has reaffirmed his pledge to donate over 75% of his wealth to society following the sudden death of his son, Agnivesh, in the U.S. In an emotional post on X, Agarwal emphasised continuing their shared vision of a self-reliant India, ensuring no child goes hungry, every woman is empowered, and young Indians have meaningful work.
  • Hindustan Copper and Hindustan Zinc shares reached new highs on Wednesday, driven by global metal rallies. Hindustan Copper's surge is attributed to tightening global copper supplies and rising demand from new-age sectors, while Hindustan Zinc benefits from a sharp increase in silver prices, a key by-product for the company.
  • Vedanta’s plan to split into five listed, pure-play companies is moving closer to execution after tribunal approval, with Citi arguing the demerger could unlock value by narrowing the conglomerate discount. While key approvals and asset transfers are still pending, the brokerage says parent-level debt remains manageable and sees upside from aluminium prices, cost efficiencies and volume growth as the breakup advances toward its March 2026 target.
  • Aluminium and zinc are the two largest businesses for Vedanta Ltd, together accounting for more than 80% of the company's consolidated earnings before interest, tax, depreciation and amortisation (Ebitda). The group is aggressively expanding capacities in both these businesses.
  • The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. The company management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market.
  • Vedanta Resources has launched CopperTech Metals Inc., a US-based firm, to bolster its clean energy and infrastructure goals. CopperTech will manage Zambia's Konkola Copper Mines (KCM), aiming to significantly boost copper production through a $1.5 billion investment in AI-driven technology. This initiative seeks to meet soaring global demand for copper in electric vehicles and net-zero technologies.
  • Vedanta Limited has signed an agreement with Tamil Nadu Power Distribution Corporation Limited. The pact is for supplying 500 MW of electricity. This supply will commence from February 1, 2026. The contract is for a duration of five years. The tariff for this power supply is set at Rs 5.38 per kWh.
  • Vedanta Group plans a significant Rs 1 lakh crore investment in Odisha. This expansion will generate over one lakh direct and indirect employment opportunities for the state. The investment includes a new ferro-alloys plant and two aluminium parks. The Odisha government has pledged full support for these projects, including land and infrastructure.
  • Vedanta Group’s Hindustan Zinc Ltd (HZL) posted a consolidated profit after tax of Rs 2,649 crore in Q2 FY26, up 19% sequentially, driven largely by silver, which contributed nearly Rs 1,060 crore or 40% of total profits. Silver revenue rose 10% QoQ to Rs 1,706 crore, highlighting HZL’s strategic edge in precious metals alongside its core zinc business.
  • Vedanta Ltd has extended its demerger deadline to March 2026 from September 2025, citing pending NCLT and government approvals. This strategic move aims to unlock greater value by creating four standalone companies. The company recently received a boost when NCLAT allowed TSPL's separation, following a settlement with a Chinese contractor.
  • In a blow to Anil Agarwal's Vedanta Group, the government has rejected the extension of the contract for its CB-OS/2 oil and gas block in the Cambay basin. ONGC will temporarily take over operations after the Ministry of Petroleum and Natural Gas declined the extension.
  • Singapore Police Force is reviewing a complaint from Viceroy Research alleging Vedanta Ltd improperly funded its 2024 dividend using a $900 million loan and accounting maneuvers. Viceroy claims the dividend payout wasn't backed by real cash earnings, benefiting its parent company, Vedanta Resources. Vedanta denies the allegations, asserting full compliance with laws and dismissing Viceroy's report as malicious and ill-informed.
  • Vedanta Chairman Anil Agarwal highlights the surging global demand for copper, fueled by clean energy, AI data centers, and increased military spending. He cautions that demand will soon exceed supply, emphasizing India's potential to boost domestic production and reduce reliance on imports. A proposed $53 billion mining merger underscores the industry's anticipation of rising copper needs.
  • Vedanta has settled its long-standing dispute with Chinese firm Sepco Electric, clearing the way for its revenue-stream demerger, now expected by September-end. The settlement resolves all claims and withdraws pending arbitration over the Talwandi Sabo 3x660 MW thermal project.
  • Vedanta has won the bid for Jaiprakash Associates. The deal worth Rupees 12,505 crore may face hurdles. Legal battles over asset ownership are a concern. Disputes with Yamuna Expressway Authority are ongoing. There are issues with pledged shares in Bhilai Jaypee Cement. Promoter Manoj Gaur's guarantees add complexity. The resolution process could face court challenges.
  • Vedanta's demerger plan faces a big hurdle as the Central government raises serious objections, citing concerns about potential concealment of information, inflated revenues, and undisclosed liabilities. This objection follows a warning from the markets regulator regarding non-compliance issues. The NCLT has postponed the hearing on the demerger case to September 17.
  • Viceroy Research intensifies its attack on Vedanta Group, alleging its semiconductor unit is a sham operation designed to avoid NBFC classification and facilitate fund transfers to its parent company during a liquidity crisis. Vedanta vehemently denies these allegations, asserting full compliance with all applicable laws and transparent disclosure of business activities. Viceroy criticizes Vedanta's lack of response to previous concerns.
  • India's top billionaires, including the Ambanis, Adanis, and Shiv Nadar, collectively amassed over ₹40,000 crore in dividends in FY25, showcasing India Inc's strong cash generation. Shiv Nadar led the pack with ₹9,902 crore, followed by Anil Agarwal's Vedanta at ₹9,591 crore. The surge in dividend income spanned across various sectors, highlighting generous payout policies.
  • Government representatives on Hindustan Zinc Limited board are preparing to question the management. The questioning will focus on dealings with Vedanta Limited and related parties. The meeting is scheduled for July 18. This action follows concerns raised by Viceroy Research about Vedanta's financial practices. The government aims to ensure strong corporate governance and protect shareholder interests.
  • Vedanta shares remained in focus after US-based short-seller Viceroy Research criticised the company’s AGM as “stage-managed” and raised concerns about its financial structure. InGovern, a proxy advisory firm, defended Vedanta’s holding model as common in capital-intensive sectors and cautioned investors against short-seller reports, highlighting regulatory gaps allowing offshore entities to bypass SEBI norms.
  • Viceroy Research has criticized Vedanta's annual general meeting. They called it a 'stage-managed' event. Proxy advisor InGovern defended Vedanta's structure. InGovern stated such structures are common in capital-intensive industries. They cited Adani Group, Tata Group, and Reliance Industries as examples. InGovern also cautioned about short-seller reports. They highlighted potential conflicts of interest and regulatory oversight issues.
  • Vedanta Resources CEO Deshnee Naidoo refuted Viceroy Research's report, deeming it inaccurate and reiterating the company's commitment to transparency. Chairman Anil Agarwal dismissed the report as motivated, emphasizing the demerger plan and growth strategy. Viceroy Research criticized the demerger and labeled the AGM a "filibustering" session, questioning the company's financial stability.
  • Anil Agarwal of Vedanta Group unveiled a plan to double the company's size through a '3D' strategy involving demerger, diversification, and deleveraging. The demerger, supported by shareholders, will create separate entities focused on various sectors, with each potentially reaching a USD 100-billion valuation.
  • Vedanta shares faced a decline following a report by Viceroy Research. The report alleges financial instability and unsustainable debt within the Vedanta Resources group. Vedanta has refuted these claims, calling them misinformation and baseless allegations. The company defends its financial position and questions the timing of the report.
  • Vedanta Group has refuted the Viceroy Research report, labeling its claims as unfounded and deliberately malicious, designed to tarnish the Group's reputation. Vedanta asserts the report, released without any prior contact, aims to spread misinformation and capitalize on market reactions. The Group suspects the report's timing is intended to disrupt upcoming corporate endeavors.
  • Anil Agarwal unveils Vedanta 2.0, targeting global leadership in transition metals and energy. The company reported record revenue and EBITDA. Vedanta met deleveraging targets ahead of schedule. A demerger is nearing completion to unlock shareholder value. The company plans significant capital expenditure for growth. Hindustan Zinc achieved record production.
  • Vedanta sold 1.6% equity in Hindustan Zinc for Rs 3,028 crore through a block deal, causing HZL shares to drop over 6%. This move aims to deleverage Vedanta's balance sheet and enhance financial flexibility amid its demerger plans. Meanwhile, HZL approved a Rs 12,000 crore expansion for a new zinc metal complex in Rajasthan.
  • De Beers, currently being divested from Anglo American, has attracted interest from multiple consortia, including billionaire Anil Agarwal, Indian diamond firms like KGK Group and Kapu Gems, and Qatari investment funds. This move occurs amidst challenging global diamond prices as Anglo American shifts its focus to copper and iron ore.
  • Vedanta, led by Anil Agarwal, will maintain a level of debt as it pursues a $20 billion expansion plan funded through internal accruals, equity partnerships, and debt. The company also announced an Rs 80,000 crore investment in the North East, focusing on natural resources like crude oil and rare earth minerals.
  • Vedanta Chairman Anil Agarwal advocates for a safeguard duty on aluminium imports, mirroring the steel sector's protection, to shield local producers from inexpensive foreign products. He envisions India transforming into a global aluminium hub, capitalizing on its substantial bauxite reserves.
  • Vedanta Chairman Anil Agarwal highlighted the importance of job creation in alleviating poverty, drawing inspiration from World Bank President Ajay Banga's insights. Agarwal emphasised that poverty is a state of mind and can be tackled through jobs that provide earnings and dignity. Banga believes empowering women through access to equity will drive economic growth.
  • Vedanta Ltd is set to finalize a consulting firm this quarter to implement its USD 20 billion expansion projects across metals, mining, and hydrocarbons. The company has received significant interest from global consulting firms following its expression of interest. This expansion aligns with Vedanta's restructuring into four separate entities, expected to be completed by September-end.
  • Indian billionaires Mukesh Ambani and Gautam Adani have pledged their support to the armed forces amidst escalating tensions with Pakistan. This comes after India's retaliatory strikes on Pakistani territory following a deadly terrorist attack. The leaders lauded the military's efforts in repelling attacks and affirmed their commitment to national unity and security under Prime Minister Modi's leadership.
  • Vedanta Ltd is in focus as parent Vedanta Resources considers a U.S. IPO for its Zambian unit, Konkola Copper Mines, aiming to raise $1 billion for expansion. With copper output recovery underway post-legal battles and plans to boost annual production, the move aligns with the group’s global restructuring and strategic financing plans.
  • Vedanta Resources is exploring a U.S. public listing for its Zambian unit, Konkola Copper Mines (KCM), to raise approximately $1 billion for mine development. The company has enlisted Barclays and Citigroup to advise on the potential initial public offering, with New York being considered as a listing option.
  • Indian billionaire Anil Agarwal is finalizing a breakup of Vedanta Ltd. to reduce its $11 billion debt and sharpen focus on individual businesses. The conglomerate will list its aluminum, oil & gas, power, and iron & steel divisions separately.
  • Vedanta Group's Chairman, Anil Agarwal, highlights copper's increasing importance as the 'next gold' due to its crucial role in clean energy and technology. Barrick Gold, a major gold producer, is rebranding to 'Barrick,' signaling a shift towards copper mining. This reflects a global trend of revitalizing copper mines to meet rising demand, presenting significant opportunities for India and its entrepreneurs.
  • Vedanta Group Chairman Anil Agarwal believes India has the potential to become the world's second-largest iron ore producer, surpassing Brazil and China. India's iron ore production increased by 3.5% to 236 MMT in April-January 2024-25. With estimated reserves of 33 billion tonnes, India aims to produce 700 million tonnes annually, driving economic growth and revenue.
  • Assam Chief Minister Himanta Biswa Sarma met with Vedanta Group representatives to plan the company's Rs 50,000 crore investment in Assam's energy sector. Vedanta aims to boost oil and gas production to 100,000 barrels per day, potentially transforming the region into a major hydrocarbon hub.
  • Vedanta Group Chairman Anil Agarwal highlighted the success of Hindustan Zinc's privatization 23 years ago. He noted that the move significantly boosted zinc production, eliminated retrenchment, and increased profits by 113% within a year. Hindustan Zinc has now become the world's largest integrated zinc producer, with silver production growing 15 times.
  • Vedanta Ltd is seeking a global partner for its ambitious USD 20 billion expansion across metals, mining, and hydrocarbons. This move supports Vedanta's strategic restructuring into four independent entities: Aluminium, Oil and Gas, Power, and Iron and Steel. The company anticipates completing its demerger by June-July, aiming to simplify its structure and attract direct investment in its focused business verticals.
  • Billionaire Anil Agarwal has highlighted India's weak presence in global shipping, contrasting its less than 500 commercial ships with China's 5,000. He urged collective action to boost the Indian shipping industry, stressing that the public and private sectors must collaborate to leverage India's coastal advantage and enhance its maritime capabilities.
  • Vedanta Ltd reported record production figures for the fourth quarter and fiscal year ending March 31, 2025. Significant increases were seen in aluminium, zinc, iron ore, steel, oil and gas, and power sales. Annual aluminium production grew by 2%, while zinc production saw similar gains. Copper India's output rose 41% in Q4, contributing to an overall 6% annual rise.
  • Vedanta is seeking a global EPC partner for its upcoming brownfield expansion projects in zinc, aluminium, copper, power, and oil and gas across various businesses over the next three years. As the company prepares for its demerger into five units, it aims to unlock shareholder value and enable independent growth.
  • Vedanta is seeking a global partner for its $20 billion expansion across zinc, aluminium, copper, and other sectors. The conglomerate plans significant investments, including $2-$2.5 billion for Hindustan Zinc and $5 billion for Cairn India to boost oil output. Additionally, Vedanta aims to double its power business and expand into nuclear energy and power distribution.
  • Anil Agarwal, Vedanta chairman, predicts gold prices to continue rallying beyond $3,000 per ounce due to global economic uncertainty. He urges India to boost domestic gold mining to reduce reliance on imports, noting potential investor interest and feasible shorter project timelines amidst soaring prices.
  • Vedanta shares will be in focus on Tuesday, March 18, after Chairman Anil Agarwal outlined the company’s growth outlook and demerger plans. He highlighted Vedanta’s 1.4% contribution to India’s GDP and the rising demand for aluminum, copper, and zinc, positioning the company for long-term growth and value creation.
  • Vedanta Ltd Chairman Anil Agarwal reaffirmed the company's commitment to unlocking value through demerger. The plan will create four independent natural resource-focused entities with potential to become USD 100 billion companies each. The move aims to simplify Vedanta's structure, manage debt, and benefit stakeholders.
  • Cairn Oil & Gas has entered a strategic alliance with TechnipFMC to expedite the delivery of integrated subsea infrastructure for deepwater projects in India. This collaboration leverages TechnipFMC's engineering prowess and integrated project execution model, aiming to enhance efficiency and innovation in future deepwater exploration.
  • Vedanta Group’s Cairn Oil & Gas commits ₹50,000 crore to oil and gas exploration in Assam and Tripura, enhancing local infrastructure with world-class E&P facilities. Prominent initiatives include setting up Nand Ghars, handloom skill centers, and digital classrooms. The project is set to produce 100,000 barrels per day, creating significant employment opportunities and promoting clean energy.
  • Vedanta shares will be attention-grabbing after securing the highest bid for Madhya Pradesh's Kauhari Diamond Block, spanning 643.42 hectares. Vedanta's Q3 consolidated net profit surged 76% YoY to Rs 3547 crore, with a 10% rise in revenue. Analysts recommend buying with a target price of Rs 513, indicating a 17% upside from current levels.
  • The Assam Cabinet has accorded the green light to investment proposals worth Rs 1.22 lakh crore ahead of the Advantage Assam 2.0 summit, scheduled to take place on Tuesday and Wednesday in the state's capital city Guwahati.
  • This will allow the mining conglomerate to list its businesses - aluminum, oil & gas, power, steel - as separate units. At present, these businesses are subsumed within Vedanta, while Hindustan Zinc, which includes revenue streams from white metals zinc and silver, is listed separately. After the Merger, Vedanta will hold the Hindustan Zinc business.
  • Vedanta Group, led by billionaire Anil Agarwal, plans to build 5,000 MWe of nuclear power in India for captive use, seeking bids from global firms with proven expertise. This move follows legislative changes aimed at encouraging private investments in nuclear energy.
  • The Assam government will sign MoUs with Japan and Singapore during the Advantage Assam 2.0 summit, aiming to recruit manpower and nurses from the state. Key participants include PM Modi, Finance Minister Sitharaman, and notable industry leaders. The summit focuses on areas such as tourism, renewable energy, and aerospace.
  • India has launched its largest oil and gas bid round, offering 25 blocks covering 1.91 lakh square kilometers, mainly offshore. This move aims to enhance domestic production, reduce imports, and improve energy security, attracting bids from both state-owned and private companies.
  • Vedanta Resources seeks to raise around $1 billion in debt financing to develop its Konkola Copper Mines in Zambia. The Indian company prefers maintaining its 80% ownership of KCM and plans to enhance copper production over the next five years. Considering past management improvements and current debt financing options, they are well-positioned for future growth.
  • Assam CM Himanta Biswa Sarma discussed ambitious plans with Vedanta Resources' Anil Agarwal to expand in Assam, urging job creation. Sarma also inaugurated upgrades at LGBI Airport for improved passenger experience, ahead of the Advantage Assam 2.0 summit in February. PM Narendra Modi will attend as Chief Guest, promoting Assam as a gateway to Southeast Asia.
  • Vedanta Chairperson Anil Agarwal underscores the significance of energy independence for India as the U.S. boosts oil and gas production under President Trump's administration. With India heavily reliant on imports, Agarwal suggests reforms to attract energy investments, highlighting the critical role of domestic production in reducing costs.
  • The two-day 'Utkarsh Odisha-Make in Odisha' conclave will kick off on January 28, welcoming 7,500 delegates from 20 countries. Industry leaders such as LN Mittal, Kumar Mangalam Birla, and Anil Agarwal, among others, are expected to attend. The event will focus on showcasing Odisha's transformational journey and attracting substantial investment proposals.
  • The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.
  • Vedanta Ltd will hold a meeting on February 18 to decide on the proposed demerger of the company into separate business entities. The demerger will simplify the corporate structure, creating independent businesses for global investment opportunities. The company had revised its plans to retain its base metal undertaking within the parent firm.
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