Vedanta eyes $100-bn revenue by 2030, capex of about $3-bn in next two yrs

Agarwal pointed to the acquisition of Goa-based Nicomet (in December 2021), which has made Vedanta the only producer of nickel in India

Billionaire Anil Agarwal, who is chairman of Vedanta, said on Wednesday that the company was targeting $100 billion in revenue by 2030 as it continued to diversify its operations across the natural resources spectrum.

The company closed 2021-22 (FY22) with a revenue of Rs 1.31 trillion (or nearly $17 billion) — up 51 per cent over the previous year. It has operations across sectors such as oil and gas, zinc, lead, silver, nickel, and copper in India, South Africa, and Namibia.

Addressing shareholders at the company’s 57th annual general meeting, Agarwal said that Vedanta had planned a capital expenditure of around $3