Vedanta Chairman Anil Agarwal unveiled an ambitious expansion roadmap at the AGM, targeting sharp capacity increases across metals, mining, and energy. The conglomerate will invest $5 billion over three to five years in its oil and gas business, aiming for 500,000 barrels per day production.

Zinc and lead capacity will nearly triple to 3 million tonnes by 2031, while aluminium capacity doubles to 6 million tonnes within three years. Iron and steel output is targeted to expand from 4 million to 15 million tonnes annually.

The plans coincide with the June 15 stock market debut of four demerged entities—Vedanta Aluminium Metal Ltd, Vedanta Oil & Gas Ltd, Vedanta Power Ltd, and Vedanta Iron & Steel Ltd. Despite a 16% production decline and 13% revenue drop in FY26, Agarwal emphasized a "three Ps" strategy: Produce More, Partner Better, Purpose Beyond Profit.

He highlighted technology and AI as core partners across exploration, operations, and sustainability, stating each pure-play entity has potential to become a $100-billion company.