Vedanta Crosses $5 Billion in India Capex, Nears $8.5 Billion Target.

Mining giant Vedanta Ltd, promoted by Anil Agarwal, announced Thursday that it has invested $5 billion of its planned $8.5 billion capital expenditure in India. The funds have been directed toward expanding capacity, backward integration, and securing raw materials for its key operations.

In a statement, the company highlighted its strategic natural resource assets in the country, which include some of the world's largest facilities. These include the world’s largest single-location aluminum smelter, the largest underground zinc mining site, and the largest single-location zinc-lead smelter. Vedanta also operates India’s largest onshore oil field.

The company's recent investments in India have exceeded $2.5 billion over the last few financial years. These funds were used to increase production capacity, integrate new technologies, and expand its portfolio of value-added products.