Vedanta: How an old-age biz is trying to deliver a new-age baby
Vedanta Ltd, India's mining and metals conglomerate, led by Anil Agarwal, is navigating a pivotal point of inflection. Recent acquisitions, debt restructuring, and demerging have increased profitability. Vedanta plans to invest $20 billion across sectors, including electronics. The complete acquisition of AvanStrate positions Vedanta in the display panel market, with plans to build its own display glass plant in Gujarat. The company is also eyeing partnerships for a potential chip plant. Vedanta's foray into electronics manufacturing, spearheaded by Agarwal's son-in-law Akarsh K. Hebbar, aligns with its core business of metals and mining.