Energy transition is imperative, says Naidoo.
Vedanta Group has announced a comprehensive expansion across its transition metals, oil & gas, and critical minerals portfolio to accelerate India’s energy transition and industrial growth. Nearly 70% of Vedanta’s top-line comes from transition metals, underscoring its pivotal role in building the industries of tomorrow.
Doubling down on its endeavours towards facilitating India’s energy transition, Vedanta has secured critical mineral blocks across the country, including rare earth elements, vanadium, graphite and tungsten.
These resources are essential for new-age technologies and will strengthen India’s self-reliance in clean energy supply chains, said the company which is also the sole producer of nickel in India.
Nickel and cobalt, minerals of the future, are critical for stainless steel, super alloys, lithium-ion batteries, renewable energy systems and electric mobility, Vedanta said on 18 Sept.
Hindustan Zinc, the world’s largest integrated zinc producer, continues to anchor India’s industrial and green growth. With applications ranging from galvanisation to next-generation energy storage batteries, zinc is a critical enabler of sustainable development, said the company pursuing its 2x growth plan to double capacity across zinc, lead and silver, vital for solar, electronics and clean energy technologies, produced exclusively in India by Hindustan Zinc.
Vedanta is also advancing collaborations in zinc-based battery development. Its portfolio also includes EcoZen, India’s first low-carbon ‘green’ zinc with about 75% lower carbon footprint than the global average.
Aluminium is equally central to the clean energy economy with applications in solar panels, EVs, transmission and modern infrastructure. Vedanta, among the world’s top aluminium producers, is expanding capacity from 2.4 MTPA to 3.1 MTPA by FY28. With India’s first low-carbon ‘green’ aluminium products branded Restora and Restora Ultra, Vedanta is helping downstream industries meet global decarbonisation benchmarks.
Vedanta is expanding its natural gas portfolio to reinforce its role in India’s energy mix and support the 2030 target of raising gas share to 15%. As India’s only private oil & gas producer, Vedanta plays a vital role in strengthening energy security and reducing reliance on imported liquefied natural gas (LNG). Natural gas, a recognised bridge fuel, supports the shift to a low-carbon economy by facilitating the country’s transition from fossil fuels to renewable energy https://www.bseindia.com/.
Vedanta Group, through its global operations, owns Konkola Copper Mines (KCM) in Zambia, one of the richest copper deposits in the world. The Group is also advancing plans for a large-scale copper smelter in Saudi Arabia, further expanding its international critical minerals footprint https://www.nseindia.com/.
Deshnee Naidoo, CEO, Vedanta Resources, elaborated, “India is the only major economy striving to move from lower-middle income to high income while simultaneously going green. Energy transition is not optional, it is imperative.
“Vedanta is fully aligned with India’s ambitions. With nearly 70% of our topline coming from transition metals, and with aluminium, zinc, oil and gas, and critical minerals forming the bedrock of our portfolio, we are powering India’s new economy while driving inclusive growth.”
Deepening its ESG commitments across operations, Vedanta has embedded sustainability at the heart of its strategy. In the last three years, Vedanta has mitigated 28 million tonnes of carbon emissions, equivalent to the CO₂ absorbed by more than 1 billion trees annually. By utilising renewable energy, the company has produced India’s first green aluminium and Asia’s first green zinc, alongside pioneering water positivity and large-scale afforestation initiatives. The company has renewable energy power delivery agreements of 1.9 GW installed capacity in place and is targeting 2.5 GW of round-the-clock renewable capacity and a 25% reduction in emissions by 2030.
Vedanta Group is a global leader in critical minerals, transition metals, energy, and technology, with operations spanning India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan. Fiinews.com
