New Delhi: Vedanta Limited plans to double its oil and gas production to 3 lakh barrels per day, Chairman Anil Agarwal said at the company’s 60th Annual General Meeting on Thursday. The company is also stepping up deepwater exploration and expanding its operations in the Northeast.
The oil and gas expansion strategy includes the recent acquisition of seven new blocks under the Open Acreage Licensing Policy (OALP), strengthening Vedanta’s role in enhancing India’s energy security.
“Aatmanirbhar Bharat ka arth hai apni urja ki suraksha (Atmanirbhar Bharat means energy security for the country),” Agarwal said, highlighting the company’s push to reduce import dependency and develop domestic energy resources.
In a parallel effort to strengthen India’s resource self-sufficiency, Vedanta has also acquired 10 critical mineral blocks. These minerals — essential for applications in energy transition, electric vehicles, semiconductors, and electronics — are key to building India’s strategic capabilities in emerging technologies.
“Yeh sirf growth ki kahani nahi hai — yeh Bharat ke sapne ko saakar karne ki kahani hai (This isn't just a story of growth, it is the story of accomplishing India's dreams),” Agarwal told shareholders.
Agarwal also reiterated the company’s vision for Vedanta 2.0 as a diversified natural resources, energy, and technology enterprise. This includes planned investments in a greenfield aluminium smelter and expansion of zinc and aluminium capacities.
Technology and sustainability, he said, will be at the core of the group’s transformation, with plans to partner with 1,000 deep-tech startups and launch a mobile app — Vedanta Edge — to connect stakeholders.
Vedanta reported its highest-ever revenue of Rs 1.5 lakh crore in FY25, with an EBITDA of over Rs 40,000 crore.