Vedanta Limited has announced a USD 10 billion multi-year capex plan aiming for record earnings growth and stronger cost leadership.

Aug 29, 2025

Vedanta Limited has unveiled a comprehensive growth roadmap backed by a USD 10 billion capex plan, spanning aluminium, zinc, oil & gas, iron ore, steel, ferrochrome and power, with most projects scheduled for commissioning between FY26 and FY28. The company expects these investments to deliver record EBITDA of USD 8–10 billion in the medium term, translating into an 18% CAGR.

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In aluminium, Vedanta is expanding the Lanjigarh refinery to 5 MTPA by FY26, alongside smelter expansion to 3.1 MTPA by FY27-28. New bauxite and coal mines such as Sijimali, Kuraloi and Ghogharpalli will support its fully integrated model, cementing Vedanta’s position among the top three aluminium producers outside China.

The zinc portfolio will see debottlenecking in India, with smelting capacity reaching 1.38 MTPA by FY29, while the Gamsberg Phase 2 project in South Africa will add 200 KTPA.

In iron ore, the company is expanding Goa and Karnataka mines, adding a 4 MTPA beneficiation plant and a 420 KTPA ductile iron pipe facility. ESL Steel is scaling up hot metal capacity from 1.7 to 3.5 MTPA, with expansions in DI pipes, TMT bars and wire rods.

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The company stressed its focus on cost leadership, backward integration, and ESG leadership, with over 350 high-impact sustainability initiatives underway.