Vedanta Group to invest ₹1 Lakh crore in Rajasthan over three Years
Vedanta Group Chairman Anil Agarwal announced the company’s ambitious plan to invest ₹1 lakh crore in Rajasthan over the next 2-3 years. This investment will focus on enhancing the production capacity of its businesses in the state, generating significant economic growth and creating 1 lakh additional employment opportunities.
Vedanta’s subsidiary, Hindustan Zinc, currently produces 1 million tonnes of zinc annually. The company aims to double this capacity to 2 million tonnes. Additionally, silver production will increase from 800 kilograms to 1.6 tonnes, while oil and gas output is set to reach 3 lakh barrels per day.
“All our group companies will operate entirely on renewable energy,” Agarwal said, emphasizing the company’s commitment to sustainability. He also announced the establishment of an industrial park on a non-profit basis to support entrepreneurs by supplying raw materials and doorstep power access.
The company’s ambitious expansion plan is expected to be completed within three years, further solidifying its presence in Rajasthan’s industrial landscape.
Speaking at the Rising Rajasthan Global Investment Summit, Agarwal highlighted Vedanta’s significant contribution to the national and state exchequer. Currently contributing ₹50,000 crore annually to the national treasury, including ₹10,000 crore to Rajasthan, Vedanta plans to triple this amount to ₹1.5 lakh crore annually. Out of this, ₹40,000 crore is expected to benefit Rajasthan.
He said the company’s contribution will also create 5 lakh jobs, driving economic growth and providing immense opportunities for the people of Rajasthan.
This massive investment underscores Vedanta’s commitment to fostering industrial growth, renewable energy adoption, and economic development in Rajasthan.
