Vedanta exploring Rs 80,000-cr investment in Bengal in power, aluminium: Anil Agarwal
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Vedanta Chairman Anil Agarwal said on Wednesday the group is exploring Rs 70,000-80,000 crore investments in West Bengal for power and aluminium projects.
- ✓Agarwal said, "I promised him that thousands of jobs would be created." The company will now assess feasibility in Asansol, hoping for proactive support from the state government.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Vedanta Chairman Anil Agarwal on Wednesday said the conglomerate is exploring investments of Rs 70,000-80,000 crore in West Bengal for power generation and an aluminium smelter. Speaking to reporters in Kolkata, Agarwal said the group would assess the feasibility of the proposed projects, with coal availability and existing infrastructure potentially supporting industrial operations. The projects could become operational within the next three years if the state government provided proactive support, he said.
"The chief minister told me that I could explore investment in any sector, and I said I would look at it. I promised him that thousands of jobs would be created," Agarwal said, referring to his meeting with CM Suvendu Adhikari earlier in the day.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
MoneyControl
Read the full, original unfiltered story directly on the publisher's portal.