Vedanta Chairman Anil Agarwal has described the listing of
four newly demerged Vedanta companies as a "historic and deeply
emotional" milestone, saying the development marks the beginning of a new
chapter in the group's growth journey.
In posts shared on X and Facebook, Agarwal reflected on
Vedanta's evolution over the past 24 years, recalling the listing of Vedanta
Resources in London and drawing parallels between that milestone and the
listing of the four new companies.
"At that time, we sowed a seed. Today, these strong
trees are ready to stand on their own," Agarwal said, adding that the
listing represents only the beginning of their journey. He expressed confidence
that each of the newly listed businesses has the potential to grow into a USD
100 billion company over time.
Agarwal thanked shareholders, government authorities,
stakeholders and Vedanta's lakhs of employees for their trust and support,
which he said had made the group's journey possible. He added that their
continued support would remain critical as the businesses pursue their next
phase of growth.
Highlighting India's economic outlook, Agarwal said the
businesses have been built around the long-term needs of a country that is on
track to become the world's third-largest economy within the next three years.
He noted that demand for the products and resources produced by these companies
is growing at a double-digit pace, creating significant opportunities for
expansion.
According to Agarwal, a substantial demand-supply gap exists
across several sectors, creating opportunities for domestic producers. He said
the four newly listed companies, together with Vedanta Ltd and Hindustan Zinc,
are well positioned to capitalize on these opportunities and contribute to
India's growth story.
Agarwal also highlighted Vedanta Group's track record of
value creation, noting that the company has delivered a total shareholder
return of 300 per cent and a dividend yield of 60 per cent over the past five
years.
"For me, every shareholder matters, irrespective of the
size of their investment," he said, reiterating the group's commitment to
creating long-term value for investors.
He added that each Vedanta company would continue pursuing
ambitious growth targets in the years ahead and said the trust and support of
stakeholders would remain the foundation for the group's next chapter of
growth.
X Link: https://x.com/AnilAgarwal_Ved/status/2066874492799132015?s=20