Vedanta will invest ₹1 lakh crore in Rajasthan: This fund will be used in renewable power projects, new employment opportunities will also be created

Metal and mining company Vedanta Limited will invest about 1 lakh crore rupees in Rajasthan. A large part of this investment will be used for renewable power projects. Company director Priya Agarwal Hebar gave this information on Friday.

He said – Our companies Hindustan Zinc and Cares India are already present in Rajasthan. We have invested more than 1 lakh crore rupees in the state in the last few years. In the coming time, we will invest another 1 lakh crore rupees in the same way. This investment will strengthen the industry in Rajasthan and create new employment opportunities.

Vedanta gave 101.29% return in one year
Vedanta’s stock closed at ₹ 467.60 on Friday, August 30, up 0.91%. In the last one year, the company’s stock has given a return of 101.29% to its investors. In the last 6 months, the stock has risen by 74.45%. The company’s market cap is Rs 1.74 lakh crore.

Vedanta’s profit increased by 54% in the first quarter
Vedanta Limited’s profit in the first quarter (April-June) of FY 2024-25 increased by 54% year-on-year (YoY) to ₹5,095 crore. The company’s consolidated net profit was ₹3,308 crore in the same quarter a year ago. The company released its first quarter results on 6 August.

Revenue in the first quarter stood at ₹35,239 crore
Revenue from operations stood at ₹35,239 crore in the first quarter of FY25. Revenue stood at ₹33,342 crore in the same quarter a year ago i.e. the first quarter of FY24.

What is standalone and consolidated?
The results of companies come in two parts – standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in consolidated or consolidated financial report, the report of the entire company is given.

Vedanta is also entering the field of manufacturing semiconductors
Vedanta is one of the world’s largest producers of zinc, chromium, copper, lead, aluminium and silver. The company operates in the oil and gas, iron and steel, coal and renewable energy sectors.

Along with this, Vedanta is now entering the field of manufacturing semiconductors and display glass. Its founder and chairman Anil Agarwal is known as the Metal Man of India. Its Chief Executive Officer (CEO) is Sunil Duggal.