Vedanta unveils $ 7 bn investment plans

Vedanta Resources Plc Group Chairman Anil Agarwal

Vedanta has just begun to give shape to its expansion plans to invest $ 7 billion in expanding overall capacity in 3-4 years, metals and mining baron and Vedanta Resources Plc Group Chairman Anil Agarwal said that Vedanta is the world's 6th largest diversified natural resources powerhouse post-Cairn-Vedanta merger thereby achieving a market capitalization of $14 billion. Faring well financially during the last fiscal, it is looking for at least 60% capacity addition in its businesses in three to four years. With the government's thrust on natural resources, the future is promising and for expanding capacity by 60 per across segments, on a pro-rata basis it will be spending about $6-7 billion, he added.