Target to create Rs 100 billion company, Anil Aggarwal told the roadmap
New Delhi: Vedanta Group Chairman Anil Aggarwal has revealed the future strategy of the company after demerger. In the 61st Annual General Meeting (AGM) of Vedanta, he set a big target and said that work will be done towards making every company separated from the group a 100 billion dollar global company. Anil Aggarwal said that Vedanta had a big company till a year ago, but after the demerger, now the group has many big opportunities. He expressed confidence that individual companies can create a strong identity at the international level on the basis of their capabilities. Anil Aggarwal presented ‘Vedanta Unlimited’ vision at the AGM. He said that the company’s future strategy will be based on three main pillars, which he named ‘3P’. The first one is ‘Produce More’ i.e. producing more, the second one is ‘Partner Better’ i.e. making better partnerships and the third one is ‘Purpose Beyond Profit’ i.e. contributing to the development of society and country by going beyond just profit. He said that the purpose of demerger is to make the company faster, independent and stronger. Individual companies will be able to focus more on their field and this is expected to increase the pace of development. Vedanta Group operates in metals, mining, energy and many other sectors. The company believes that with different units working independently, investors will also get better opportunities and each company will be able to expand as per its capacity. Anil Aggarwal said that India has immense potential in the field of natural resources, energy and industrial development. Vedanta will use these opportunities to focus on increasing production capacity and strengthening its position in the global market. He also gave important place to partnership in his strategy. According to him, companies can move forward faster through better technology, expertise and global collaboration. Along with this, the company also considers social responsibilities as an important part of its development journey. During the AGM, he said that Vedanta aims not only to grow business but also to play an important role in the industrial development of the country. The company will work towards increasing employment, strengthening production capacity and creating new opportunities. After demerger, different companies of Vedanta Group will get an opportunity to expand in their respective fields. This is expected to help the management take better decisions and act faster as per the market needs. After this announcement by Anil Aggarwal, the discussion about Vedanta’s future strategy has intensified in the industry. Now all eyes will be on what kind of plans the company pursues to achieve its $100 billion target.
