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Vedanta’s Anil Agarwal unveils ‘3D’ strategy to double company’s size

The company has bagged 10 critical mineral blocks across India, one of the largest by any private sector company. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the worldu2019s leading natural resources, critical minerals, energy and technology companies spanning across countries like India, South Africa, Namibia, Liberia, UAE and Saudi Arabia, with operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate and foraying into electronics and display glass manufacturing.

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Vedanta’s Anil Agarwal unveils ‘3D’ strategy to double company’s size

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  1. VEDANTA’S ANIL AGARWAL UNVEILS ‘3D’ STRATEGY TO DOUBLE COMPANY’S SIZE

  2. INTRODUCTION Billionaire Anil Agarwal on Thursday outlined a bold vision to double the size of his mining conglomerate Vedanta, driven by a ‘3D’ strategy focused on demerger, diversification, and deleveraging. Addressing shareholders at the company’s 60th annual general meeting (AGM), he said the company is confident that the demerger will happen before September and each of the demerged businesses has potential to grow into a $ 100-billion enterprise. “Our 3D strategy, demerger, diversification and deleveraging, will enable us to double in size and unlock maximum value for our stakeholders,” he said.

  3. Vedanta Resources Ltd CEO Deshnee Naidoo further explained that “As we have said yesterday and today, there is no new information in the report that we have not voluntarily shared with you previously. And as chairman said, it’s all about the disclosures, and the transparency that we’ve maintained with you over the decades.“The authors of the report have compiled only part information filled with gross inaccuracies, which you have also discerned as part of this meeting.” The company is set to realise significant earnings growth ahead with both forward and backward integration. Projects in aluminium and zinc will boost its profitability. All businesses of the company are set for expansion and will deliver even greater value once all of this is implemented, she explained.

  4. The demerger of the company will create separate entities focused on aluminium, oil and gas, power, iron and steel, and zinc and silver. Each Vedanta shareholder will receive shares in the new companies. Once the demerger is completed, shareholders will receive shares in each of the four newly demerged entities. Each business will have its own strategic focus, investor base, and growth path, with the potential to grow into 100 billion dollar enterprises.“Each business will get a renewed focus, new investors, and a unique opportunity to achieve its full potential,” the chairman stressed. He further said that with India’s geology being comparable to resource-rich nations like Canada and Australia but only 25 per cent explored, the time was ripe for accelerated growth in the critical minerals sector.

  5. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world’s leading natural resources, critical minerals, energy and technology companies spanning across countries like India, South Africa, Namibia, Liberia, UAE and Saudi Arabia, with operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate and foraying into electronics and display glass manufacturing. Read More - https://www.millenniumpost.in/business/veda ntas-anil-agarwal-unveils-3d-strategy-to- double-companys-size-618307

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