VEDANTA PLANS TO INVEST $10 BN TO EXPAND BUSINESS VERTICALS
According to Vedanta Group chairman, Anil Agarwal, the metals and mining giant plans to invest $10 bn to expand its various business verticals over the next five years. Among these include plans to increase production of oil, aluminium, zinc, lead and silver. The group also envisages putting up a fertilizer plant in Rajasthan. A proposed merger of Cairn India and Hindustan Zinc (subsidiaries of Vedanta Resources) with the flagship Vedanta Group to create a global natural resources giant is also on the anvil.