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Anil Agarwal – promoted Vedanta Ltd, one of the leading miners of the country, is intensifying its focus on critical minerals through strategic acquisitions – both in India and overseas, Arun Misra, Executive Director of the company said.
Global partnerships and strategic alliances are being tapped for specific projects like copper mines in Africa or for development of mineral blocks. Some global majors have expressed interest in such partnerships too.
The company will spend $20 billion on growth projects in metals, mining and hydrocarbons in the next three years. These projects are extensions of its existing operations.
“Nearly 80 per cent of India’s mineral resources remain unexplored — an opportunity that positions the country to lead the global critical minerals race,” Misra, also the CEO of Vedanta subsidiary and the country’s largest zinc producer, Hindustan Zinc, told businessline.
Vedanta is already planning to restructure operations into four entities – aluminium, oil and gas, power, and iron and steel.
A global EoI was recently floated – with last date being April 30. Reportedly, several engineering majors have expressed interest in partnerships that include construction and supply of 5000 MW of nuclear power projects in India.
Mineral Blocks in India
Vedanta has won critical mineral blocks that include copper, graphite, vanadium, cobalt, manganese, and tungsten. The company is actively spearheading copper exploration projects in eastern Maharashtra, utilizing extensive datasets for geological mapping.
“We are tapping into exploration and processing capabilities within India,” he said.
Hindustan Zinc is seeking expression of interest from junior explorers for exploration and development of greenfield exploration licene and composite license for Vedanta in India and overseas. Junior mining companies will conduct fully integrated, end-to-end exploration and discover economic mineral potential for base metals, copper, gold, nickel-chrome, cobalt, PGEs, graphite and vanadium for the company.
Beyond Borders
Beyond borders, the company is exploring “strategic mergers and acquisition opportunities globally” to enhance its critical minerals portfolio.
This move aligns with the Indian government’s push to accelerate mineral exploration and secure supply chains for minerals essential to clean energy technologies and future industries.
“We’ve aligned our portfolio with critical minerals, clean energy, and future tech. We already operate across nine of the 17 transition metals,” he said.
Some of the minerals like copper, cobalt, and graphite apart from lithium are vital for electric vehicles, renewable energy systems, and advanced technologies. These form the cornerstone to India’s switch to green energy; and reducing its carbon footprints.
Published on May 25, 2025
This article first appeared on The Hindu Business Line
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