Vedanta Chairman Anil Agarwal Bets Big on Five Independent $100 Billion Businesses

Marking the stock market debut of Vedanta’s newly demerged businesses, Vedanta Group Chairman Anil Agarwal said the restructuring is aimed at creating five focused, independent companies, each with the potential to evolve into a $100-billion enterprise, driven by India’s growing demand for natural resources, metals, energy and infrastructure.

Addressing investors and stakeholders during the listing ceremony at the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), Agarwal described the demerger as the next phase in Vedanta’s evolution, comparing the group to a banyan tree. He recalled that Vedanta became the first Indian company to list on the London Stock Exchange 24 years ago and said the “seed” planted then has today grown into a large institution.

Welcoming the listings, BSE Managing Director & CEO Sundararaman Ramamurthy described the occasion as an important milestone for India’s capital markets. He praised Vedanta’s contribution to industrial development, employment generation, and social impact, while commending Agarwal’s entrepreneurial journey and vision. Ramamurthy said ‘the creation of multiple independent listed entities from the Vedanta Group reflects the growing depth of India’s capital markets and has the potential to inspire many more companies to unlock value through public markets.

Underscoring Vedanta’s growth ambitions, Agarwal announced that the group plans to invest $20 billion over the next three years across its businesses. The investment will support capacity expansion, resource development, technology adoption and the creation of future-ready businesses aligned with India’s long-term growth trajectory.

Agarwal reiterated his belief that India’s economic future will be heavily dependent on minerals, metals, oil and gas, particularly as artificial intelligence, electrification and the global energy transition accelerate resource consumption. He stressed that India still imports a significant share of its natural resources and called for greater exploration and development of domestic reserves to achieve self-reliance.

Outlining the opportunities across Vedanta’s businesses, he highlighted strong demand prospects for aluminium, oil and gas, power, iron and steel, and critical minerals. He said Vedanta Aluminium is positioned to benefit from a significant demand-supply gap, while the oil and gas business remains a key growth driver. He also underscored the long-term potential in steel, power and critical minerals as India expands its industrial and infrastructure base.

The Chairman also highlighted Vedanta’s commitment to shareholder returns, noting the group's track record of dividends and value creation. He said the newly independent companies would continue to focus on capital discipline, technology adoption, and operational efficiency while creating long-term wealth for investors.

Agarwal further elaborated on plans to develop industrial parks around Vedanta’s operations, potentially enabling hundreds of downstream manufacturing units and generating large-scale employment.

Calling Vedanta “a technology company in the making,” he underscored the growing role of artificial intelligence, automation and innovation in improving productivity and driving future growth.

The Vedanta chairman believes that the demerger marks only the beginning of Vedanta’s next chapter and expressed confidence that the five businesses would emerge as globally competitive companies serving India’s development needs for decades to come.