Vedanta to Split into Six Entities, Aims for $ 10 bn EBITDA
ECONOMY & POLICY

Vedanta to Split into Six Entities, Aims for $ 10 bn EBITDA

At its 59th Annual General Meeting, Vedanta made a significant announcement to demerge its conglomerate into six separate entities. The move, aimed at bolstering its market presence and enhancing shareholder engagement, was presented by Vedanta's Chairman, Anil Agarwal. He highlighted that the restructuring decision was influenced by India's evolving political landscape under a new reformist government, promising advancements in sectors crucial to national development, including natural resources.

Agarwal expressed that Vedanta achieved its second-highest annual revenue of Rs 1.41 trillion and an EBITDA of Rs 3.64. The company declared dividends totalling Rs 185.72 billion for FY24, translating to a per-share dividend of Rs 11.

Discussing Vedanta's financial strategy, Agarwal mentioned that 70 per cent of the company's revenue is sourced from minerals critical for future growth. He indicated Vedanta's readiness to seize a $ 1 trillion sector opportunity driven by increasing demand for natural resources alongside economic expansion. The company's ambitious expansion plans encompass more than 50 projects, with investments exceeding $ 8 billion, focusing on alumminum, copper, and new oil and gas ventures.

In line with sustainability goals, Vedanta pledged to achieve net-zero carbon emissions by 2050, committing $ 5 billion toward this initiative. Significant investments in large-scale renewable energy projects underscored their commitment to environmental stewardship.

Through the Anil Agarwal Foundation, Vedanta engaged extensively with communities, impacting 10.7 million people in 2024 through initiatives totalling Rs 4.38 billion. Agarwal emphasized their dedication to community development, particularly through programs supporting child welfare and women's skill enhancement.

The strategic demerger is expected to bolster Vedanta's operational autonomy and attractiveness to investors, aligning closely with India's economic policies and growth trajectory.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

At its 59th Annual General Meeting, Vedanta made a significant announcement to demerge its conglomerate into six separate entities. The move, aimed at bolstering its market presence and enhancing shareholder engagement, was presented by Vedanta's Chairman, Anil Agarwal. He highlighted that the restructuring decision was influenced by India's evolving political landscape under a new reformist government, promising advancements in sectors crucial to national development, including natural resources. Agarwal expressed that Vedanta achieved its second-highest annual revenue of Rs 1.41 trillion and an EBITDA of Rs 3.64. The company declared dividends totalling Rs 185.72 billion for FY24, translating to a per-share dividend of Rs 11. Discussing Vedanta's financial strategy, Agarwal mentioned that 70 per cent of the company's revenue is sourced from minerals critical for future growth. He indicated Vedanta's readiness to seize a $ 1 trillion sector opportunity driven by increasing demand for natural resources alongside economic expansion. The company's ambitious expansion plans encompass more than 50 projects, with investments exceeding $ 8 billion, focusing on alumminum, copper, and new oil and gas ventures. In line with sustainability goals, Vedanta pledged to achieve net-zero carbon emissions by 2050, committing $ 5 billion toward this initiative. Significant investments in large-scale renewable energy projects underscored their commitment to environmental stewardship. Through the Anil Agarwal Foundation, Vedanta engaged extensively with communities, impacting 10.7 million people in 2024 through initiatives totalling Rs 4.38 billion. Agarwal emphasized their dedication to community development, particularly through programs supporting child welfare and women's skill enhancement. The strategic demerger is expected to bolster Vedanta's operational autonomy and attractiveness to investors, aligning closely with India's economic policies and growth trajectory.

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