Vedanta Group eyeing $20 billion profits over next two years: Chairman Anil Agarwal
Vedanta is targeting $11 billion in profits this year, Chairman Anil Agarwal said.
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Updated - October 28, 2026 10:06 pm IST - NEW DELHI
Vedanta Group is targeting revenue of $50 billion and profits of $20 billion over the next two years, founder and chairman Anil Agarwal said at an industry event in Kolkata.
“This year we would be making $30 billion revenue and $11 billion in profits.
In two years, we would scale our revenues to $50 billion with $20 billion in profits,” he said.
The privately-owned diversified commodities producer has interests spanning aluminium, zinc, oil and gas, power, iron and steel, copper and other critical minerals.
Separately, its recently listed Vedanta Aluminium reported more than a doubling of net profit year-on-year to ₹6,187 crore for the quarter ended September.
Revenue rose 41% to ₹22,066 crore during the period.
The company increased aluminium production by 5% year-on-year to 649 kilotonnes (KT).
Production of value-added aluminium products rose 31% to 432 KT, while alumina output climbed 37% to 895 KT.
Vedanta Aluminium also reduced its net debt by ₹3,090 crore during the quarter compared with the preceding quarter, signalling an improvement in its debt position alongside higher production and earnings.
minerals / earnings / business (general) / minerals (general) / heavy metals / earnings forecast / company information / investments
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