When it comes to investments, only two or three names come to people’s minds. Currently UP, Gujarat or Mumbai. But this time the name that has come out is really shocking. This state has a lottery in its hands that is not just worth a few billion rupees, but more than a lakh rupees. Yes, the name of this state is Rajasthan. Where Vedanta Group plans to invest. Vedanta Group will invest over Rs 1 lakh crore in various businesses including zinc and oil and gas in Rajasthan. We also tell you what information Vedanta Group has given.
In which sectors will there be investment?
Vedanta Group on Saturday said Hindustan Zinc is doubling its zinc production capacity from 12 lakh tonnes per annum to 20 lakh tonnes per annum, increasing its silver capacity from 800 tonnes to 2,000 tonnes and its fertilizer production capacity from 10 lakh tonnes per year. will invest Rs 30,000 million to set up the plant. Cairn Oil and Gas, a subsidiary of Vedanta Limited, will invest Rs 35,000 crore to increase capacity to three lakh barrels per day. Cerantica Renewables, a unit of Vedanta Group, will invest Rs 50,000 crore to develop 10,000 MW of renewable energy capacity to assist in energy conversion and ensure highest environmental standards and green manufacturing, the company said in a statement.
Jobs for more than two lakh people
Vedanta also announced setting up of an industrial park at a cost of over Rs 5 crore for small and medium non-profit industries in Udaipur area. Vedanta participated in the Rising Rajasthan Roadshow in the United Kingdom, led by Rajasthan Chief Minister Bhajan Lal Sharma and a delegation of state ministers. The statement said the Chief Minister met Vedanta Chairman Anil Agarwal and discussed the group’s investment of over Rs 1 lakh crore in zinc, oil and gas and renewable energy. This will help create over two lakh jobs, develop over 500 marketing industries in various sectors and support import substitution.
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I have invested so much
Agarwal said Rajasthan is one of the few states where, apart from hydrocarbons, important minerals like zinc, lead, silver, gold, copper, potash, phosphate rock, marble and various types of high-quality stones are found in abundance. Vedanta has so far invested more than Rs 1.5 lakh crore in Rajasthan. Its two main companies, Hindustan Zinc Limited and Cairn Oil & Gas, have their largest operations in the state.
