Anil Agarwal Bets On Five $100 Billion Companies

BTTV's Aastha Chopra spoke to Vedanta Chairman Anil Agarwal on the company's landmark demerger and listing of four new entities. Calling it a transformational moment for the group, Mr. Agarwal said the move will give each business an independent identity, management structure and growth roadmap. He said existing shareholders will receive shares in the newly listed companies and stand to benefit from long-term value creation and regular dividends.

Chairman also outlined ambitious plans across businesses, including scaling Vedanta's power capacity to 50,000 MW with a focus on thermal and future nuclear opportunities, expanding steel production from 4 million tonnes to 15 million tonnes, and increasing oil and gas output to 1 million barrels per day over time. He also highlighted opportunities in downstream industries and entrepreneurship. According to Agarwal, each of the five Vedanta businesses has the potential to become a $100 billion company, driven by technology, natural resources and India's growing demand.