Vedanta identifies potential in minerals, metals and energy sectors : Chemical Industry Digest

Anil Agarwal, chairman of Vedanta Group, predicts that imports of minerals, metals and energy will triple from the current $350 billion as India’s economy accelerates. He said that 50 percent of the country’s imports, totaling more than $350 billion, are minerals and metals, including oil and gas.

As the economy continues to grow rapidly, that number is expected to double or triple, creating an investment opportunity of $1 trillion. Agarwal noted that about 70 percent of Vedanta’s revenue comes from critical minerals essential to the future, the highest among its peers.

As part of its expansion plans, the group plans to focus on a 1.5 million tonne per annum alumina refinery at Lanjigarh, commission the Bicholim mine in Goa and start production at the Jaya oil field in Gujarat later this year, thehindubusinessline.com reported.