Anil Agarwal-led Vedanta Limited has planned a capex of $5 billion (around Rs 37,500 crore) over a period of three years.
A major chunk of this capex would go into oil and gas business. “About $2 billion has been earmarked for oil and gas business and the balance for aluminium, copper, steel and zinc where about $500 million each (at least) would be used as capex,” Agarwal, founder and chairman of Vedanta Resources Limited, said on Thursday at a virtual press conference.
Vedanta’s capex for three years to FY20 stood at Rs 20,000 crore, according to the company’s annual report for the year. In FY21, it spent Rs 7,286 crore, which is a 14 per cent increase over the previous year’s Rs 6,385-crore capex.
