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InFocus Manufacturing

Vedanta to Invest Rs 60K Cr in Three Years: Anil Agarwal

Vedanta Resources to invest up to Rs 60,000 crore in India in the next three years. This was mentioned in a media interview by Mr. Anil Agarwal chairman of Vedanta. 

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SMEStreet Desk
28 Jan 2019 05:18 IST

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Anil Agarwal, Vedanta

In a major business expansion development, Vedanta Resources has made an announcement to invest up to Rs 60,000 crore in India in the next three years. This was mentioned in a media interview by Mr. Anil Agarwal chairman of Vedanta.

Vedanta, which is looking to expand its zinc business in India and Africa, is targeting a total annual global production of the metal of 2 million tonnes, Agarwal said.

The oil-to-metals conglomerate, which operates in India through its unit Vedanta Ltd, plans to invest $3 billion in oil and gas, he said.

The company is also looking to produce 1,400 tonnes of silver in India, he said, adding he is also looking to set up a glass manufacturing unit in Maharashtra, India's most industrial state.

Vedanta is committed to invest $1.5 billion in South Africa, Agarwal said, without specifying a timeline.

He said the company is willing to buy remaining stakes in Hindustan Zinc Ltd and Bharat Aluminium Co Ltd whenever the government is ready to disinvest, Agarwal said.
Vedanta Investment anil Agarwal
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