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Who is Anil Agarwal

Anil Agarwal

About Anil Agarwal

Who is Anil Agarwal

Anil Agarwal is the chairman of Vedanta Resources Plc, a company he founded in 1976. The company started as a cable manufacturer and went on to be listed in the London Stock Exchange in 2003. Agarwal, however, took the company private on October, 2019. 
Agarwal controls Vedanta through Volcan Investments, a holding vehicle with a 100 per cent stake in the business.
 
Agarwal's journey from a scrap dealer to a tycoon
 
Born in 1954 in Patna, Agarwal rose from running a tiny scrap metal business four decades back to becoming one of the
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Latest Updates on Anil Agarwal

Vedanta aims to increase production across segments: Chairman Anil Agarwal

In the near future, Vedanta is aiming to double the production levels of its subsidiary Hindustan Zinc, increase oil production at Cairn Oil & Gas to 3 lakh barrels of oil equivalent per day

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Updated On : 16 Nov 2024 | 9:51 PM IST

Vedanta Resources debt reduced by $4.7 bn in 2 years, says Anil Agarwal

Additionally, Vedanta remains committed to becoming a greener and more sustainable company by producing more and more of its major metals through renewable energy sources

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Updated On : 10 Nov 2024 | 4:37 PM IST

After KCM revival, Vedanta seeks greener pastures in India, abroad

The conglomerate looks to start production from its Zambia mines by FY25 end, with plans to supply the Indian market

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Updated On : 19 Aug 2024 | 11:20 PM IST

Vedanta Q1 FY25 results: Net profit rises 36.6% to Rs 3,606 crore

The company's other income was down 59.8 per cent to Rs 934 crore on a Y-o-Y basis

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Updated On : 07 Aug 2024 | 12:40 AM IST

Vedanta going ahead with demerger of businesses, says Anil Agarwal

Each demerged entity, he said, will plan its own course but follow Vedanta's core values, its enterprising spirit and global leadership

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Updated On : 10 Jul 2024 | 5:34 PM IST

Vedanta group chairman Agarwal, Odisha CM discuss areas of collaboration

During the meeting, Agarwal reiterated the group's commitment to the progress of the state

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Updated On : 06 Jul 2024 | 8:33 PM IST

Court approves billionaire Anil Agarwal's plan to reclaim Zambia mine

To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers

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Updated On : 29 Jun 2024 | 2:32 PM IST

Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance

The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said

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Updated On : 24 Jun 2024 | 12:06 PM IST

Vedanta target price raised 15%; M&M stock surges 91% in 5 months

The Anil Agarwal group co value has risen by over 70 per cent this year. Analysts say operational efficiencies, cost reduction, improved operating profit, and proposed demerger have underpinned gains

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Updated On : 18 Jun 2024 | 10:21 PM IST

Anil Agarwal's Vedanta considering $1 bn share sale in coming weeks

Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion

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Updated On : 27 May 2024 | 10:47 PM IST

Anil Agarwal-led Vedanta's board approves fundraise of up to Rs 8,500 cr

This is the second time that the company is raising funds in the current fiscal year. Last month, it said it would raise up to $300 million through debt securities

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Updated On : 16 May 2024 | 11:20 PM IST

Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden

Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value

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Updated On : 07 May 2024 | 10:35 PM IST

Vedanta Group planning to invest $20 bn in India in 4 years: Anil Agarwal

The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here

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Updated On : 01 May 2024 | 9:32 PM IST

FY25 will be a transformative year for Vedanta on many fronts: Anil Agarwal

"These include further deleveraging (parent) Vedanta Resources by $3 billion in the next 3 years and achieving an annual group EBITDA of $7.5 billion within 2 years," he said

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Updated On : 17 Apr 2024 | 10:51 PM IST

Ex-BofA veteran overseeing Vedanta Group's restructuring steps down

Davis, who was named as president for strategy at Vedanta Resources Ltd. last year, was working closely with the group's lenders and shareholders

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Updated On : 04 Apr 2024 | 10:06 AM IST

Vedanta gains 14% in five sessions. Here are four factors fuelling rally

Commodity major's stock has hit its highest level since February 2023

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Updated On : 03 Apr 2024 | 7:45 PM IST
Updated On : 22 Mar 2024 | 2:06 PM IST

Cairn gave up right to claim interest: Vedanta to appeal against Sebi order

"Vedanta Ltd will appeal the Sebi order before the appropriate forum," the firm said in a statement

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Updated On : 13 Mar 2024 | 11:27 PM IST

SC suggests expert panel to explore restart of Vedanta's Sterlite Copper

Committee to have experts from the field of environment

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Updated On : 14 Feb 2024 | 11:45 PM IST

Vedanta's demerger process to be completed in next 9-12 months: Official

In an interview to PTI, John Slaven, CEO of aluminium business of Vedanta, said, "We are working very actively in securing the successful demerger of the aluminium business."

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Updated On : 12 Feb 2024 | 11:59 AM IST