Several global consulting firms have expressed interest in implementing Vedanta’s $20-billion expansion projects across multiple business segments, and the metal major is expected to finalise a partner within the current quarter, according to a company official.Vedanta is planning a substantial expansion of its operations over the next three years as part of a restructuring that will see the company reorganised into four separate entities: Vedanta Aluminium, oil and gas, power, and iron and steel.Vedanta Executive Director Arun Misra told PTI that the company had issued a global expression of interest (EOI), which attracted considerable attention from various firms. He noted that the company was in the process of finalising its partners and that the interest had been significant. Misra added that following the demerger, each of the group's multiple businesses would be listed independently, positioning the group to operate more like a private equity firm.When asked about the names of the consulting firms showing interest, Misra did not disclose specifics but stated that several major global consulting companies, both in India and internationally, had shown genuine interest in the proposal.Vedanta plans to invest $20 billion in growth projects in metals, mining, and hydrocarbons over the next three years. These initiatives are extensions of the company’s existing operations.The company recently revised its demerger strategy, opting to retain its base metal business within the parent organisation. It aims to complete the demerger process by the end of September 2025.Earlier, Vedanta Chairman Anil Agarwal had stated that the proposed demerger of the company’s diverse verticals—spanning over 15 commodities—would mark a shift in its business model from being asset managers to asset owners. He had also noted that during this transitional phase, Vedanta would focus on consolidating and strengthening its asset base with the objective of becoming a global leader in each of its verticals.In terms of financial performance, Vedanta reported a more than two-fold increase in consolidated net profit to Rs 34.83 billion for the quarter ended March 31, 2025, driven by lower costs and higher volumes. This was a significant rise compared to a net profit of Rs 13.69 billion in the corresponding quarter of the previous year. The company’s income also rose to Rs 412.16 billion during the January–March quarter, up from Rs 360.93 billion in the same period last year.News source: Outlook Business