Vedanta’s ₹1 Lakh Crore Boost: Rajasthan to Lead in Renewable Energy & Community Growth

Vedanta, a major mining and metals company, has promised to invest nearly ₹1 lakh crore in Rajasthan, with a big part of this investment going toward renewable energy. This decision is part of Vedanta’s ongoing efforts to boost industrial growth and support community development in the state.

Priya Agarwal Hebbar, Director of Vedanta, referred to Rajasthan as the company’s “karmbhoomi,” highlighting its strong connection to the region. In a tweet, she expressed excitement about the future, saying, “We look forward to many more milestones as we embark on this Rajasthan growth story together.” This shows Vedanta’s long-term dedication to playing a key role in Rajasthan’s industrial and social progress.

Commitment to Rajasthan’s Growth

After meeting with Rajasthan’s Chief Minister Bhajan Lal Sharma, Hebbar emphasized the state’s importance to Vedanta. She mentioned that some of Vedanta’s biggest businesses, like Hindustan Zinc and Cairn India, are located in Rajasthan. The company has already invested more than ₹1 lakh crore over the years to create jobs, strengthen industries, and support communities in the state. Looking ahead, Vedanta plans to invest an additional ₹1 lakh crore, including a significant push towards renewable energy.

Hebbar also highlighted Vedanta’s commitment to aligning with the state government’s vision for development. “We are humbled and committed to support achieving the vision of development outlined by Bhajan Lalji for Rajasthan,” she said.

Focus on Renewable Energy and Community Projects

Vedanta’s investment will not only expand its industrial presence in Rajasthan but will also focus heavily on renewable energy. This move is part of the company’s broader plan to diversify its energy sources and contribute to sustainable development.

In addition, Hebbar revealed plans to create a state-of-the-art camel rehabilitation and conservation park in Barmer, which aligns with Chief Minister Sharma’s focus on grassroots development. Vedanta also intends to upgrade all aanganwadis (childcare centers) in the state into Nand Ghars, which are modern centers aimed at improving early childhood education and health.

Vedanta, led by billionaire Anil Agarwal, has a diverse range of assets across different sectors, including metals like zinc, silver, and aluminium; oil and gas; iron ore and steel; and power, including coal and renewable energy. The company is also exploring new ventures like semiconductor and display glass manufacturing as part of its growth strategy.

Last year, Vedanta announced it would create independent verticals by splitting its major businesses, such as metals, power, aluminium, and oil and gas, into separate listed entities. This move is aimed at unlocking more value by establishing six distinct companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Limited.