Regulatory cloud lifts, Vedanta readies Bokaro capacity doubling

On 15 June, four demerged Vedanta group entities: Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas, and Vedanta Iron and Steel, made their stock market debut, marking a key milestone in Agarwal’s effort to split the diversified natural resources group into sector-focused businesses. The 71-year-old chairman, who started out as a copper trader in Bihar before building Vedanta into a mining conglomerate, told investors that each of the five companies could eventually be valued at $100 billion and would benefit from India’s growth story.