New Delhi: Mining conglomerate Vedanta will
invest
$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 $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 $6 billion and boost EBITDA from an expected $5 billion in the current fiscal ending March 31 to $6 billion in the next and up to $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.
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