Vedanta's demerged firms could each reach $100 billion
Vedanta's chairman Anil Agarwal stated that each of the four newly demerged companies could become a $100 billion entity. He emphasized the growing demand for critical minerals and transition metals in a letter to shareholders on March 17. Agarwal noted that the ongoing demerger aims to create natural resource companies, which could lead to more jobs and downstream industries. He highlighted Vedanta's current contribution of 1.4% to India's GDP and the need for more companies in the sector. The letter reflects Vedanta's focus on becoming a high-growth business amid increasing global economic demands.