Vedanta Ltd has announced plans to expand production across its oil and gas, aluminium, zinc, lead, iron and steel businesses, as per The Economic Times report. The details were shared by Chairman Anil Agarwal during the company's annual general meeting (AGM) on Tuesday (July 14, 2026).
The expansion plans were announced weeks after the group's restructuring, under which four business units were listed separately on the stock exchanges.
The company plans to invest $5 billion in its oil and gas business over the next three to five years. According to Agarwal, the objective is to increase production capacity, with a target of reaching 500,000 barrels of oil per day.
As per the Economic Times report, this investment is one of the largest commitments outlined at the AGM and forms part of Vedanta's capital expenditure programme across its businesses.
Vedanta has also revised its production targets for several of its metals businesses. Zinc and lead production capacity is expected to increase to 3 million tonnes by 2031, nearly three times the current level.
Aluminium production capacity is planned to increase to 6 million tonnes per year within the next three years. In the iron and steel business, annual capacity is targeted to rise from 4 million tonnes to 15 million tonnes, according to the company.
The expansion roadmap follows the listing of Vedanta Aluminium Metal Ltd, Vedanta Oil & Gas Ltd, Vedanta Power Ltd and Vedanta Iron & Steel Ltd on 15 June.
The demerger separated the group's principal businesses into independent listed entities, while the parent company continues to outline growth plans across each vertical.
The latest investment announcement comes after weaker financial and operating performance in the oil and gas business during FY26.
As per the investor's presentation dated 29 April 2026, average daily gross operated production declined 16% year-on-year. Revenue for the business fell 13% to ₹9,582 crore, while EBITDA declined 7% to ₹4,664 crore compared with the previous year.
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As of July 14, 2026, 3:30 pm, Vedanta Ltd share price closed at ₹267.55, down 0.78% from the previous closing price.
The company's latest roadmap outlines planned investments and capacity additions across multiple businesses. The announcements follow Vedanta's recent demerger and listing of its four business units.
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Published on: Jul 14, 2026, 6:02 PM IST
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