Vedanta Ltd, a diversified natural resources company, plans to invest USD 1.7 billion in FY24 on growth projects, Chairman Anil Agarwal said on Tuesday.
“We envisage committing another USD 1.7 billion in FY 2024 towards growth projects,” Agarwal said at the company’s annual general meeting.
An additional USD 700 million will be dedicated to the exploration and development of new mines. Furthermore, Vedanta Ltd has plans to venture into renewable energy and digital initiatives.
Vedanta Ltd is one of the largest diversified natural resources companies in India. It has operations in aluminium, zinc, copper, iron ore, coal, and power.
The company has a market capitalization of over USD 10 billion.
Here are the key highlights from this news:
- Vedanta Ltd intends to invest USD 1.7 billion in FY24 to drive growth.
- Vedanta Ltd stands out as one of India’s leading diversified natural resources companies.
- The company’s market capitalization exceeds USD 10 billion.
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