Pipeline project to add $6 billion in topline and $2.5-3 billion in EBIDTA

New Delhi: Mining conglomerate Vedanta Limited has a pipeline of over 50 active projects and expansions to drive growth, which upon completion could generate incremental revenues of over US$6 billion and annual EBITDA of US$2.5-3 billion. Expected to arise, it is a top company. The executive said at an investor event. These development initiatives, which the company categorizes into ‘discovery’ phase, ‘concept’ phase and ‘execution’ phase, are across all Vedanta’s business segments – aluminium, zinc, base metals, steel, copper and We are constantly looking for options to create additional value across all our sites. We currently have a number of high impact projects in execution mode across all our businesses.

These will contribute to our cost leadership, while significantly enhancing our operational efficiencies. These will be the levers to help us reach our EBITDA target of US$ 7.5 billion annually, company vice president Naveen Aggarwal said at the event. Vedanta is expected to generate revenues of US$ 17.5 billion in the current financial year ending March 31. Group EBITDA (earnings before interest, taxes, depreciation and amortization) is expected to be US$5 billion. Some of the important projects to be commissioned immediately include the refinery expansion at the Lanjigarh aluminum facility, which will increase its capacity to 2 million tonnes per 1 million tonne per annum expansion at Balco, commissioning of Athena and Meenakshi power plants with total capacity of 2.2 GW which will take the commercial power portfolio to 5 GW, 5 at Gamsberg zinc facility, The capacity will expand to deliver 00,000 tonnes of MIC, and become India’s largest ferro-alloy producer with 5,00,000 tonnes per annum.

The pipeline of development projects and initiatives represents the steps Vedanta is taking towards meeting its ambitious guidance on annual EBITDA, which is projected to reach US$7.5 billion in the near term. The group has guided towards EBITDA of US$6 billion in FY20, representing growth of about 35 per cent year-on-year. Vedanta, owned by billionaire Anil Agarwal, has interests in metals and minerals with Indian and global companies. Has a unique portfolio of assets among – zinc, silver, lead, aluminium, chromium, copper, nickel; oil and gas; a traditional iron vertical including iron ore and steel; and electricity, including coal and renewable energy; and is now venturing into manufacturing of semiconductors and display glass. The company plans to unlock potential value on September 29, 2023, through the demerger of the underlying companies, primarily its metals, power, aluminum and oil and gas businesses. Creation of independent vertical was announced.

As part of the vertical split of Vedanta Limited, shareholders will get one share of each of the five newly-listed companies for every share of Vedanta they hold. Following the merger, the business of Hindustan Zinc as well as the display and semiconductor manufacturing units will remain with Vedanta Limited. The demerger is expected to simplify the group’s corporate structure with region-focused independent businesses. Each of our businesses is globally The Board therefore decided to demerger. We intend to create an asset ownership and entrepreneurial mindset where each company will chart its growth path.” The demerger will provide global investors, including sovereign wealth funds, retail investors and strategic investors, There will be opportunities to invest directly in dedicated pure-play companies. Along with listed equities and self-powered management teams, the demerger will also provide a platform to individual units. Drive the strategic agenda more independently and better align with customers, investment cycles and end markets,” Vedanta had said in its separate announcement.