Vedanta Ltd is in the process of selecting a consulting firm to spearhead its USD 20 billion expansion projects across metals, mining, and hydrocarbons. The company has garnered substantial interest from various global consulting firms following its expression of interest. This expansion is closely linked to Vedanta's ongoing restructuring efforts, which will result in the formation of four independent entities and is slated for completion by the end of September.

Executive Director Arun Misra of Vedanta Ltd disclosed that the company has received multiple expressions of interest (EOI) globally and is in the final stages of selecting partners. He emphasized the significance of the demerger, envisioning the group operating as a private equity firm with multiple listed businesses. When asked about the specific consulting firms that expressed interest, Misra noted that numerous large global consulting firms, both in India and worldwide, have demonstrated a realistic interest.

The USD 20 billion investment will be directed towards growth projects in the metals, mining, and hydrocarbons sectors over the next three years, focusing on expanding existing operations. The company had previously revised its demerger plan, deciding to retain its base metal undertaking within the parent firm.

Vedanta anticipates finalizing the demerger of its businesses by the end of September. Chairman Anil Agarwal previously stated that the proposed demerger, encompassing more than 15 commodities, will facilitate the company's transition from asset managers to asset owners. During this transitional phase, Vedanta is concentrating on consolidating and strengthening its asset base to establish itself as a world leader in each of its verticals.

In the quarter ending March 31, 2025, the metal giant reported a consolidated net profit of Rs 3,483 crore, a significant increase from Rs 1,369 crore in the same period last year. This surge in profit was attributed to reduced costs and increased volume. The company's income for the January-March quarter rose to Rs 41,216 crore, compared to Rs 36,093 crore in the corresponding period of the previous year.