Vedanta plans $5 billion investment in oil and gas expansion
after close1 source ↓written by the desknot a recommendation
- in its oil
- $5 billion investment
- by 2031
- 3 million tonnes
- in three years
- 6 million tonnes
- to rise
- 4 million tonnes
- annually
- 15 million tonnes
Vedanta announced a $5 billion investment in its oil and gas sector, aiming for significant capacity growth. The company plans to triple zinc and lead production to 3 million tonnes by 2031 and double aluminium capacity to 6 million tonnes in three years. Additionally, iron and steel production is set to rise from 4 million tonnes to 15 million tonnes annually. This strategic expansion could enhance Vedanta's market position and drive investor interest.
Not investment advice. For informational purposes only.