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Vedanta targeting to become $100 billion company in another 8 years

11 Aug 2022 Evaluate

Vedanta is targeting to become a $100 billion (around Rs 8 lakh crore) company in another eight years from the present $18 billion (around Rs 1.3 lakh crore). The company is set for an aggressive growth plan and is looking at building capacities across businesses. In the current fiscal it has planned around $2 billion capex investment in sectors like zinc and oil and gas. The company is making an entry into the strategic area of manufacturing semiconductor fab and display fab.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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