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Over 50 high-impact growth projects to power Vedanta's plan to achieve $10 billion EBITDA
Millennium Post Delhi
|June 18, 2024
Mining conglomerate Vedanta Group’s strategic roadmap to a $10 billion near-term EBITDA will be powered by timely execution of over 50 high-impact growth projects, including those in zinc, aluminum, oil and gas and power businesses.
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These projects are at an advanced stage of completion, according to a powerpoint presentation made to more than 45 fund managers and analysts, who were on a site visit organised by the Vedanta Group.
Vedanta’s aluminum business has projects underway to achieve 3.1 million tonnes per annum of integrated supply.
It sits in the first quartile of the global cost curve, with the cost of production at multi-year lows -- $1,711 per tonne -- with a 100 per cent vertically integrated supply chain. The business has a 2x strong demand outlook with India’s domestic market set to double every five years, it said.
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