Team Blitz India
NEW DELHI: Mining conglomerateVedantasaid that it plans to inject over Rs 50,000 crore into various businesses including aluminium, zinc, iron ore, steel, and oil and gas. Their objective is to augment annual EBITDA by a minimum of Rs 20,750 crore, executives were quoted as saying in investors meeting by PTI.
Vedanta revealed a pipeline comprising over 50 active projects and expansions aimed at fueling growth. These initiatives are projected to yield incremental revenue exceeding $6 billion. Additionally, they anticipate a surge in EBITDA from an estimated $5 billion in the current fiscal year ending March 31 to $6 billion in the following fiscal year, and potentially up to $7.5 billion by FY27.
Anil Agarwal, the Chairman of Vedanta, during the meeting expressed that the company is poised to reach new heights over the next 25 years. Naveen Agarwal, the Vice Chairman and Anil’s brother, elaborated on the company’s strategic plans during the presentation.
