Vedanta Explores New Frontiers in Critical Minerals
Vedanta is aggressively exploring critical mineral assets across multiple Indian states to boost its supply of essential inputs for energy-efficient technologies. The company has secured several mineral blocks and is expanding its production capacity in key metals, supporting India's push for mineral security.
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- India
In a strategic move to fortify its mineral portfolio, Vedanta, led by Anil Agarwal, is exploring critical mineral assets in several states across India, including Maharashtra, Rajasthan, and Bihar. This comes as global demand for such minerals intensifies, driven by growing energy-efficient technologies.
The company announced it is ramping up efforts to explore and exploit resources such as copper, nickel, and cobalt, supported by India's policy towards mineral security. Recent successes in mineral block auctions have seen Vedanta secure valuable assets including vanadium and graphite mines in Arunachal Pradesh and a poly-metal mine in Karnataka.
Expanding its base of value-added products, Vedanta is also increasing its aluminium production capacity. As part of this initiative, the company has approved a $1.5 billion investment for an ambitious smelter expansion and enhanced capacity at its aluminium plants, aiming to solidify its standing in the metal industry.
(With inputs from agencies.)
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