+
Vedanta to Split into Six Entities, Aims for $ 10 bn EBITDA
ECONOMY & POLICY

Vedanta to Split into Six Entities, Aims for $ 10 bn EBITDA

At its 59th Annual General Meeting, Vedanta made a significant announcement to demerge its conglomerate into six separate entities. The move, aimed at bolstering its market presence and enhancing shareholder engagement, was presented by Vedanta's Chairman, Anil Agarwal. He highlighted that the restructuring decision was influenced by India's evolving political landscape under a new reformist government, promising advancements in sectors crucial to national development, including natural resources.

Agarwal expressed that Vedanta achieved its second-highest annual revenue of Rs 1.41 trillion and an EBITDA of Rs 3.64. The company declared dividends totalling Rs 185.72 billion for FY24, translating to a per-share dividend of Rs 11.

Discussing Vedanta's financial strategy, Agarwal mentioned that 70 per cent of the company's revenue is sourced from minerals critical for future growth. He indicated Vedanta's readiness to seize a $ 1 trillion sector opportunity driven by increasing demand for natural resources alongside economic expansion. The company's ambitious expansion plans encompass more than 50 projects, with investments exceeding $ 8 billion, focusing on alumminum, copper, and new oil and gas ventures.

In line with sustainability goals, Vedanta pledged to achieve net-zero carbon emissions by 2050, committing $ 5 billion toward this initiative. Significant investments in large-scale renewable energy projects underscored their commitment to environmental stewardship.

Through the Anil Agarwal Foundation, Vedanta engaged extensively with communities, impacting 10.7 million people in 2024 through initiatives totalling Rs 4.38 billion. Agarwal emphasized their dedication to community development, particularly through programs supporting child welfare and women's skill enhancement.

The strategic demerger is expected to bolster Vedanta's operational autonomy and attractiveness to investors, aligning closely with India's economic policies and growth trajectory.

At its 59th Annual General Meeting, Vedanta made a significant announcement to demerge its conglomerate into six separate entities. The move, aimed at bolstering its market presence and enhancing shareholder engagement, was presented by Vedanta's Chairman, Anil Agarwal. He highlighted that the restructuring decision was influenced by India's evolving political landscape under a new reformist government, promising advancements in sectors crucial to national development, including natural resources. Agarwal expressed that Vedanta achieved its second-highest annual revenue of Rs 1.41 trillion and an EBITDA of Rs 3.64. The company declared dividends totalling Rs 185.72 billion for FY24, translating to a per-share dividend of Rs 11. Discussing Vedanta's financial strategy, Agarwal mentioned that 70 per cent of the company's revenue is sourced from minerals critical for future growth. He indicated Vedanta's readiness to seize a $ 1 trillion sector opportunity driven by increasing demand for natural resources alongside economic expansion. The company's ambitious expansion plans encompass more than 50 projects, with investments exceeding $ 8 billion, focusing on alumminum, copper, and new oil and gas ventures. In line with sustainability goals, Vedanta pledged to achieve net-zero carbon emissions by 2050, committing $ 5 billion toward this initiative. Significant investments in large-scale renewable energy projects underscored their commitment to environmental stewardship. Through the Anil Agarwal Foundation, Vedanta engaged extensively with communities, impacting 10.7 million people in 2024 through initiatives totalling Rs 4.38 billion. Agarwal emphasized their dedication to community development, particularly through programs supporting child welfare and women's skill enhancement. The strategic demerger is expected to bolster Vedanta's operational autonomy and attractiveness to investors, aligning closely with India's economic policies and growth trajectory.

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?