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

NHAI Defends Use of Mamallapuram Pond for ECR Project Ramp

                                                The National Highways Authority of India (NHAI) has informed the National Green Tribunal (NGT) that it was compelled to use a portion of a pond in Mamallapuram to construct an exit ramp for the East Coast Road (ECR) four-laning project between Mamallapuram and Puducherry. The clarification comes in response to a petition alleging that the construction encroached on the waterbody without valid justification.In its submission..

Next Story
Infrastructure Transport

Tiruvallur Begins Full Audit of Accident-Prone Roads

Tiruvallur, a fast-growing logistics and residential hub on Chennai’s northwestern edge, has begun a comprehensive audit of fatal and non-fatal road accidents across the district.Special task forces made up of transport, police, and revenue officials have started field investigations at high-risk locations such as Red Hills, Poonamallee, and Tiruvallur town.The initiative follows an alarming 188 road crashes, including 49 fatalities, reported in February alone. Tiruvallur Collector M. Prathap has directed officials to analyse five years’ worth of crash data to assess if road design flaws o..

Next Story
Infrastructure Urban

Modi Hands Over 51K Job Letters, Urges Youth to Drive Growth

Prime Minister Narendra Modi on Monday distributed over 51,000 appointment letters to newly recruited youth in various government departments and organisations, addressing them via videoconferencing during the Rozgar Mela.Speaking to the gathering, Modi said today marks the beginning of new responsibilities for the recruits. He urged them to strengthen India’s economy, boost internal security, help build modern infrastructure, and bring meaningful change to people's lives. The sincerity with which they perform their duties, he said, would directly impact India’s journey towards becoming a ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?