Anil Agarwal to split metals, oil business from Vedanta
MUMBAI: Metals tycoon Anil Agarwal plans to separate the aluminium, oil & gas and iron & steel businesses from Vedanta to form three separate entities as he reviews the flagship’s corporate structure. The Rs 86,863-crore Vedanta has a play in more than half a dozen segments including zinc, lead & silver, copper, and power. The biggest revenue contributor to Vedanta in fiscal 2021 was aluminium followed by zinc, lead & silver, and copper.
Agarwal has appointed a group of Vedanta directors and external advisers to evaluate the spin-off proposal in order to unlock value within the commodity behemoth’s corporate structure.
