Internal accruals may fund roughly half of Vedanta’s $20 billion expansion plan: Anil Agarwal

NEW DELHI: Vedanta will fund around half its $ 20 billion expansion plan from internal accruals, company chairman Anil Agarwal said Friday. Speaking to ET in New Delhi, Agarwal said the balance will be financed through a mix of equity partnerships, and debt. Earlier in the day, Vedanta announced an Rs 80,000 crore investment in the Northeast.

According to regulatory filings, the consolidated debt of Vedanta Limited stood at Rs 53,251 crore as of March 31, 2025.

“I don't want to run company as zero debt…This is a good level of debt. We are a growing company,” Agarwal said while adding the natural resources conglomerate plans to invest $20 billion in another three to four years.


Commenting on how this expansion will be financed, Agarwal said, “We will internally generate probably half the money,” while adding the balance funds will come through a mix of equity partnerships and debt.

The group is undergoing corporate restructuring and demerger of Vedanta Ltd. into Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and Vedanta Ltd., is underway.

Responding to a query on how the Rs 80,000 crore investments he announced for the Northeast will be spent, Agarwal said, “The crude oil below the ground can transform the entire Northeast because it is so profitable. Arunachal Pradesh has graphite. There are rare earth minerals there. China is surviving and dominating only because of rare earth.”

In statement, Vedanta said its investments are for oil and gas, critical minerals, refining facilities, power, optical fibre, system integration, renewable energy, transmission sectors and data centres across the six Northeastern states.

Agarwal said Vedanta would continue to be identified as a natural resource company. “Some foreigner powers do not want us to produce natural resources. They want India to be a market and not a supplier. But the time has changed. We have to produce our own copper, oil and gas, and steel…This is the path we need to stick with for the next 25 years.”