Anil Agarwal-led Vedanta Limited plans $5-billion capex for 3 years

Anil Agarwal-led Vedanta Limited has planned a capex of $5 billion (around Rs 37,500 crore) over a period of three years.

A major chunk of this capex would go into oil and gas business. “About $2 billion has been earmarked for oil and gas business and the balance for aluminium, copper, steel and zinc where about $500 million each (at least) would be used as capex,” Agarwal, founder and chairman of Vedanta Resources Limited, said on Thursday at a virtual press conference.

Vedanta’s capex for three years to FY20 stood at Rs 20,000 crore, according to the company’s annual report for the