MUMBAI: Each of Vedanta’s five demerged entities have the potential to become worth $100 billion, Anil Agarwal, the non-executive chairman of Vedanta reiterated on Tuesday, while outlining the group’s ambition growth plans.

Last month, Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel listed as independent entities, following a demerger from holding company Vedanta Ltd, which is also listed.

“A year ago, you were shareholders of one integrated company. Today, you own five opportunities,” Agarwal told shareholders on Tuesday, addressing the company’s annual general meeting. “Very few corporate transformations in the world have created such an opportunity for shareholders,” he said.

Vedanta Aluminium Metal – currently the largest producer of aluminium in the country – plans to double its production capacity to 6 million tonne in three years, at the lowest cost in the world, Agarwal said.

At Vedanta Oil and Gas, the target is to produce 500,000 barrels per day, while at Vedanta Iron and Steel aims to grow from a production capacity of 4 million tonnes to 15 million tonnes annually with a focus on green steel and specialty steel. In the power business, Vedanta targets expanding to 20,000 MW and is also looking at a foray into nuclear power, he said.

“And we believe this is only the beginning,” he said.

Also read | Anil Agarwal maps aggressive expansion after demerger, targets scale-up of several businesses

In fiscal 2026, Vedanta had an all-time high revenue of Rs 174,075 crore, while profit, too, was at a record high of Rs 25,096 crore. Earnings before interest, tax, depreciation and amortization were also at an all-time high of Rs 55,976 crore during the year.

The company’s future will be built on three Ps - produce more, partner better and purpose beyond profit, Agarwal said.

The group also plans to triple zinc and lead production to 3 million tonnes by 2031, double silver output to 1,500 tonnes, and expand its copper production to 1 million tonnes by the end of the decade. It also aims to increase ferrochrome capacity to 500,000 tonnes by fiscal 2028, expand nickel production to 60,000 tonnes, and accelerate exploration across its ten critical mineral and strategic mineral blocks including lithium, cobalt, gold, copper, nickel, manganese, rare earths, and potash.

Calling technology its “biggest” partner, Agarwal said that the group is embedding technology across its exploration, operations, sustainability, safety and productivity across each of its businesses. “Our goal is simple: To become smarter. Faster. Safer. And better,” he said.

The company has contributed more than Rs 62,000 crore to India's exchequer in the last fiscal, and more than Rs 5,00,000 crore in the past decade, Agarwal said, highlighting the company’s commitment to nation-building. Its flagship social impact programme, Nand Ghar, is now spread across 17 states and has the potential to benefit 10 crore women and children across India, he said.

“Together, we have built one remarkable Vedanta. Together, we will now build five extraordinary futures. Vedanta Unlimited,” Agarwal said.