Vedanta to Invest Rs 1000 billion in Rajasthan to Ramp Up Production

Anil Agarwal-led Vedanta Ltd announced that the company will pump in Rs 1000 billion in Rajasthan to double its production across its verticals.

Speaking at the Pravasi Rajasthani Divas, Agarwal said the group will double its production across zinc, lead, silver, oil & gas, and renewable energy through an investment of Rs 1000 billion, Vedanta said in a statement. ”Rajasthan has abundant reserves of oil, gas, and minerals, giving it the potential to take India’s economy to even greater heights.

"Just as Punjab feeds the nation, Rajasthan has the capacity to supply the world with minerals and natural resources in the years to come,” the Vedanta group chairman said. The company is working to strengthen small and medium zinc manufacturing industries in the state through the establishment of a zinc park.

The chairman stated that the Zinc International Industrial Park, with a capacity to host 200 new industries, will provide electricity, water, raw materials, and infrastructure, giving a major boost to MSMEs and downstream sectors. Additionally, Vedanta is setting up north India’s first phosphate fertilizer plant in Rajasthan. Vedanta has invested over Rs 1,500 billion in Rajasthan so far, generating millions of jobs and contributing nearly Rs 3000 billion to the national and state exchequer over the past decade.

Agarwal added that after acquiring Hindustan Zinc, production has increased tenfold, and today India is no longer an importer but a producer of silver.