Vedanta announces to invest over Rs 1 trn in Rajasthan across verticals

Quick Summary:

While Hindustan Zinc, a Vedanta group firm, will invest Rs 30,000 crore to double zinc capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, silver from 800 tonne to 2,000 tonne, and set up a one MTPA fertiliser plant, Cairn Oil & Gas, a subsidiary of Vedanta Ltd, will invest Rs 35,000 crore to augment capacity to 3 lakh barrels per day, the company said.

Vedanta Group entity Serentica Renewables will invest Rs 50,000 crore to develop 10,000 MW renewable power capacity to support the investments, help energy transition and ensure highest environmental standards and green manufacturing, the company said in a statement.

Vedanta on Saturday said it will pump in over Rs 1 lakh crore in Rajasthan across different business verticals, including, zinc and oil and gas.

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Category: BusinessFinance

Markets: India

Topics: Bhajanlal Sharma Investment Rising Rajasthan Roadshow Vedanta

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Published On: 2024-10-19 @ 21:19:36 (5 hours ago)

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News Source URL: business-standard.com

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