VEDANTA PLANS TO IN­VEST $10 BN TO EX­PAND BUSI­NESS VER­TI­CALS

Marwar - - All Things -

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.

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