Vedanta Ltd announced plans to nearly treble its zinc and lead production and double its silver output, alongside a $5 billion investment to expand its oil and gas business. The announcement was made by Vedanta Chairman Anil Agarwal during the company’s 61st Annual General Meeting on Tuesday, July 14, 2026, outlining a broad growth strategy for the company.
At the AGM, Agarwal detailed the company’s vision called 'Vedanta Unlimited,' which includes accelerating exploration of critical minerals such as lithium and rare earth elements. The plan aims to boost Vedanta’s presence in strategic minerals while significantly scaling up its core metal production. The $5 billion investment will primarily focus on expanding the oil and gas segment, reinforcing Vedanta’s diversified portfolio.
This expansion comes amid rising global demand for base metals and critical minerals essential for clean energy technologies and electric vehicles. Vedanta’s move to increase zinc, lead, and silver output positions it alongside other major producers in the sector. The company’s focus on lithium and rare earths exploration aligns with India’s broader push to secure supplies of strategic minerals for industrial and defense applications.
Vedanta’s growth roadmap was unveiled at its 61st AGM held on July 14, 2026. The company’s strategic investments and production targets are expected to reshape its footprint in metals and energy sectors over the next few years, reflecting its commitment to scaling operations and diversifying resources.