Vedanta Group Chairman Anil Aggarwal has shared a very important information regarding the future of the company.
Vedanta Demerger EXCLUSIVE: Vedanta Group Chairman Anil Aggarwal has shared a very important information regarding the future of the company. He said that the much awaited ‘demerger’ of Vedanta Group, i.e. dividing the company into different parts, will be completed by March 2026. After this split, Vedanta will be recognized as five separate independent companies instead of one big company.
Anil Aggarwal assured that by April 2026, the shares of these five new companies will reach the demat accounts of the shareholders. The main objective of this step is to make every business more transparent and strong, so that every sector can grow rapidly with its own independent identity.
No comparison with China, India has its own strength
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When Anil Aggarwal was asked about China’s slowing economy and its global impact, he said in very clear words that it is not right to compare India with China. He argued that India’s population of 140 crore is a huge market in itself and our development journey hinges entirely on its domestic demand.
He believes that India will now have to pay attention to the development above ground as well as the resources hidden beneath the ground. Even today, India imports much of its oil, gas, copper and zinc from outside. Aggarwal says that if we become self-reliant in extracting these minerals from our land, then no one can stop India’s progress.
Talking about the financial structure of the company, Anil Aggarwal said that at present the total debt on Vedanta Group is around Rs 48,000 crore. He clarified that the company does not intend to be completely debt free, rather this debt will be distributed among the five newly formed companies according to their capacity.
Every company will have its own separate board and its own independent management, which will be able to take its own decisions. Along with this, Anil Aggarwal revealed a huge investment plan for the coming two-three years. He said that Vedanta Group will invest about $ 20 billion (about more than Rs 1.6 lakh crore) to expand its business.
Vedanta Group is not only a business house, but also has a major contribution in the country’s economy. Anil Aggarwal proudly told that his group pays approximately Rs 50,000 crore as tax to the government every year and is providing employment to lakhs of people in the country. Finally he reiterated that global turmoil or China’s slowdown will not affect India’s fundamental growth as our infrastructure and domestic consumption are very strong.
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