Vedanta Group Chairman Anil Agarwal has unveiled an ambitious vision for ‘Vedanta Unlimited’ at Vedanta Limited’s 61st Annual General Meeting, saying each of the Group’s five demerged businesses has the potential to become a $100 billion company.
Addressing shareholders, Agarwal said, “A year ago, you were shareholders of one integrated company. Today, you own five opportunities. Very few corporate transformations anywhere in the world have created such an opportunity for shareholders. And we believe this is only the beginning.”
Calling FY2026 a landmark year, he said, “This year, we recorded a record revenue of ₹1,74,075 crore and the best-ever profit of ₹25,096 crore.” The company also reported its highest-ever EBITDA of ₹55,976 crore and improved its Net Debt/EBITDA ratio to 0.95x.
Outlining Vedanta’s strategy of Produce More, Partner Better and Purpose Beyond Profit, Agarwal detailed expansion plans across the Group’s businesses. “Vedanta Aluminium is a remarkable company…over the next three years, we will double our capacity to 60 lakh tonnes per year at the lowest cost in the world. At Vedanta Oil and Gas, we aim to produce 500,000 barrels per day. To achieve this target, we will invest five billion dollars over the next three to five years. Vedanta Iron and Steel will grow from four million tonnes to 15 million tonnes annually with a focus on green steel and specialty steel, while Vedanta Power has a clear roadmap to expand to 20,000 MW and will also foray into nuclear power.”
Highlighting technology as a key enabler, he said, “The future belongs to companies that embrace technology. Artificial intelligence is transforming industries across the world. Technology is our best partner. Whether it is exploration, operations, sustainability, safety or productivity, we are deeply embedding technology across every one of our businesses. Our goal is simple: To become smarter. Faster. Safer. And better.”
Reaffirming Vedanta’s commitment to nation-building, Agarwal said, “This year alone, we contributed more than ₹62,000 crore to India’s exchequer. Over the past decade, this contribution has been nearly ₹5,00,000 crore.” He added that Vedanta’s Nand Ghar initiative now operates 15,000 centres across 17 states and has the potential to benefit 10 crore women and children.
Speaking on India’s growth opportunity, he said, “Resource security has now become national security… We are not just in the business of resources; we are in the business of building India.”
Concluding his address, Agarwal thanked shareholders, saying, “Together, we have built one remarkable Vedanta. Together, we will now build five extraordinary futures. Vedanta Unlimited. Your trust is our greatest strength.”
