Vedanta touts $6 billion investment pipeline as growth driver
Vedanta Ltd will invest USD 6 billion across businesses that span from aluminium and zinc to iron ore, steel and oil and gas as it looks to add at least USD 2.5 billion to annual EBITDA, its executives said in an investor meeting. It has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and boost EBITDA from an expected USD 5 billion in the current fiscal ending March 31 to USD 6 billion in the next and up to USD 7.5 billion by FY27, they added.
Vedanta Chairman Anil Agarwal, according to a presentation made at the investor meeting, said the company «will get to a different level in the next 25 years».
His brother and vice chairman Naveen Agarwal gave details of the plans.
«Projects (are) under execution to deliver USD 7.5+ billion yearly EBITDA,» he said, adding USD 6 billion is being invested across business verticals that will potentially yield incremental revenues of USD 6 billion and «incremental yearly EBITDA potential of USD 2.5-3 billion».
«We continuously explore options to create additional value at all our sites. We currently have several high-impact projects in execution mode across all our businesses. These will further contribute to our cost leadership while substantially increasing our operating capacities. These levers will help drive our EBITDA towards the stated target of USD 7.5 billion annually,» he said.
Some of the significant projects due for immediate commissioning include a refinery
