Mumbai, July 15, 2026 (Daily Kiran): Anil Agarwal, Chairman of Vedanta Group, presented the company’s ambitious “Vedanta Unlimited” vision during the 61st Annual General Meeting of Vedanta Limited, outlining a future strategy built around three pillars — Produce More, Partner Better and Purpose Beyond Profit.
Highlighting the successful completion of Vedanta’s historic demerger, Agarwal said the group’s five independent companies — Vedanta Limited, Vedanta Aluminium Metal Limited, Vedanta Oil and Gas Limited, Vedanta Iron and Steel Limited and Vedanta Power Limited — each have the potential to become $100-billion enterprises.
Addressing shareholders, Agarwal said that a year ago investors owned shares in a single integrated company, whereas today they have five distinct growth opportunities. He described the demerger as one of the most significant value-creation exercises for shareholders and said the journey was only beginning.
Record Financial Performance in FY 2025-26
Calling FY 2025-26 a landmark year, Agarwal said Vedanta recorded its highest-ever revenue of ₹1,74,075 crore and highest-ever profit of ₹25,096 crore.
The company also reported a record EBITDA of ₹55,976 crore during the financial year. Vedanta’s net debt-to-EBITDA ratio stood at 0.95x, marking its strongest performance in the last 14 quarters.
‘Produce More’ Strategy
Explaining the first pillar of the growth strategy, Agarwal said Vedanta aims to nearly triple its zinc and lead production to 3 million tonnes by 2031. The company also plans to double silver production to 1,500 tonnes and increase copper production to 1 million tonnes by the end of the decade.
He said ferrochrome production capacity is targeted to reach 500,000 tonnes by FY 2027-28, while nickel production is expected to grow to 60,000 tonnes. The company also plans to accelerate exploration across 10 critical and strategic mineral blocks, including lithium, cobalt, gold, copper, nickel, manganese, rare earth elements and potash.
Agarwal reiterated expansion plans across the group’s demerged businesses. He said Vedanta Aluminium aims to increase its production capacity to 6 million tonnes per annum within the next three years while targeting the position of the world’s lowest-cost producer.
Vedanta Oil and Gas has set a target of producing 500,000 barrels per day and plans to invest $5 billion over the next three to five years. Vedanta Iron and Steel intends to expand its capacity from 4 million tonnes to 15 million tonnes annually, with a focus on green steel and specialty steel products.
He also said Vedanta Power has a roadmap to reach 20,000 MW of generation capacity and will enter the nuclear power sector.
Technology as a Strategic Partner
Describing technology as Vedanta’s strongest partner, Agarwal said companies that embrace technological transformation will lead the future. He noted that artificial intelligence is reshaping industries globally and that Vedanta is rapidly integrating technology across exploration, operations, sustainability, safety and productivity.
According to him, the company’s objective is to become smarter, faster, safer and more efficient through technology-driven innovation.
Purpose Beyond Profit
Reaffirming Vedanta’s commitment to nation-building, Agarwal said the company contributed more than ₹62,000 crore to the Government of India’s revenues during the year. Over the last decade, Vedanta’s cumulative contribution to the national exchequer has approached ₹5 lakh crore.
He also highlighted the growth of Vedanta’s flagship social initiative, Nand Ghar, which has expanded to 15,000 modern anganwadi centres across 17 states. He said the initiative has the potential to positively impact the lives of 10 crore women and children across India.
Speaking about India’s development journey, Agarwal said resource security has become an important component of national security. He added that Vedanta’s role extends beyond resource production and contributes directly to India’s economic growth and self-reliance.
Concluding his address, Agarwal thanked shareholders for their continued trust and support, saying that together they had built a strong Vedanta and would now create five extraordinary futures under the vision of “Vedanta Unlimited.”
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