Vedanta says projects pipeline in place to add $6 bn to topline, $2.5-3 bn to EBIDTA
Vedanta says projects pipeline in place to add $6 bn to topline, $2.5-3 bn to EBIDTA
Mining conglomerate Vedanta Ltd has a pipeline of more than 50 active projects and expansions to drive growth, which is expected to generate incremental revenue of over USD 6 billion and incremental USD 2.5-3 billion of annual EBITDA upon completion, a top company executive said at an investor event.
These growth initiatives, which the company categorises into the 'Discovery' stage, 'Concept' stage and 'Execution' stage, are spread out across all Vedanta's business segments - aluminium, zinc, base metals, steel, copper and power.
"We continuously explore options to create additional value at all our sites. We currently have several high-impact projects in execution mode, across all our businesses. T...