Vedanta’s proposed $8-billion (Rs 560-billion) investment in various verticals will largely be financed through “internal accruals”, with the metals and mining major expecting a four- to five-fold jump in its margins in the next three years. The company plans to scale up its oil and gas, steel, aluminium, copper, and zinc businesses in India.
“Our internal accruals are huge. The financing for the $8-billion investment will be internal, but some loans we can always take. Every year we will be generating $20 billion Ebitda (during the investment period), which should be enough to invest,” Anil Agarwal, chairman of Vedanta Resources, said.