Vedanta to Invest Rs 1 Lakh Crores in Rajasthan: Powering the State’s Ambition to Become a US$350 Billion Economy by 2030

London | Udaipur : Vedanta has announced plans to invest over Rs 1 lakh crores in Rajasthan, aiming to contribute significantly to the state’s goal of becoming a US$350 billion economy by 2030. This announcement was made during the Rising Rajasthan Roadshow in the UK, led by the Hon’ble Chief Minister of Rajasthan, Bhajan Lal Sharmaalong with a delegation of Rajasthan ministers. The Vedanta Chairman, Anil Agarwalmet with the Chief Minister to discuss the investments, which will focus on zinc, oil and gasand renewable energy. These investments are expected to generate over 2 lakh jobsestablish more than 500 downstream industriesand support import substitution.

Key Investment Highlights:

• Hindustan Zinc will invest Rs 30,000 crores to double its zinc capacity from 1.2 MTPA to 2 MTPA and increase silver production from 800 tons to 2,000 tons. Additionally, a 1 MTPA fertilizer plant will be set up.
  Vedanta also announced plans to establish an industrial park in the Udaipur area on a non-profit basis to support small and medium-scale industries. The industrial park will focus on downstream applications of zinc and silver for industries such as automotive, power, infrastructureand railways.
• Cairn Oil & Gas will invest Rs 35,000 crores to increase oil production capacity to 3 lakh barrels per day.
• Serentica Renewables will invest Rs 50,000 crores to develop 10,000 MW of renewable energy capacity, supporting the above investments and aiding in the energy transition with high environmental standards and green manufacturing practices.

Other Initiatives:

Vedanta also discussed plans for the development of Govardhan and presented the Krishna Bhoomi Vikas project, which aims to enhance religious sites such as Poonchhari's toilet with Vedanta’s support.

Comments from the Hon’ble Chief Minister, Bhajan Lal Sharma:

“Rajasthan’s double-engine government is dedicated to the Prime Minister’s vision of a Viksite Bharat by 2047. We invite global investors to participate in Rajasthan’s prosperity and assure them of full support from our government. The productive discussions with Vedanta Chairman Anil Agarwal led to his commitment to invest Rs 1 lakh crore in Rajasthan, strengthening our business landscape. This will generate jobs and boost the state’s economic growth.”

Statement by Anil Agarwal, Chairman of Vedanta Ltd:

“Rajasthan is rich in hydrocarbons and critical minerals like zinc, lead, silver, gold, copper, and more. Hindustan Zinc and Cairn will spearhead exploration and processing efforts. We are honored to collaborate with the state government to accelerate Rajasthan’s economic growth and improve the quality of life for its people.”