Vedanta plans $5 billion investment in oil and gas expansion
pre-market1 source ↓written by the desknot a recommendation
- in its oil
- $5 billion investment
- by 2031
- 3 million tonnes
- annually in three
- 6 million tonnes
- to rise
- 4 million tonnes
- per year
- 15 million tonnes
Vedanta announced a $5 billion investment in its oil and gas business, aiming for significant capacity growth across its sectors. The company plans to triple zinc and lead production to 3 million tonnes by 2031 and double aluminium output to 6 million tonnes annually in three years. Additionally, iron and steel production is set to rise from 4 million tonnes to 15 million tonnes per year.
This ambitious expansion strategy positions Vedanta to strengthen its market presence and may enhance investor sentiment in the commodities sector.
Not investment advice. For informational purposes only.