Vedanta announces additional ₹30,000 crore investment in Northeast; total commitment now ₹80,000 crore
New Delhi: Vedanta Group on Friday announced an investment of ₹80,000 crore in the Northeast region, including a fresh commitment of
₹30
,000 crore in five states. The investment was announced during the inaugural session of the Rising Northeast Investors Summit 2025 organised by the Ministry of Development of Northeastern Region in New Delhi.
Vedanta had earlier committed ₹50,000 crore in Assam during the Advantage Assam 2.0 summit. The company has now committed another
₹30,000 crore investment
across Arunachal Pradesh, Nagaland, Tripura, Meghalaya, and Mizoram. The total investment across six Northeastern states now stands at ₹80,000 crore.
The investment will cover oil and gas, critical minerals, refining, power, optical fibre, system integration, renewable energy, transmission, and data centres. According to the company, the projects have the potential to generate up to one lakh jobs in the region.
'Today, the states of the North-East are growing in double digits. The opportunities are growing even faster. Under the Prime Minister's leadership, this region has become a key engine of growth for Viksit Bharat. The private sector is ready to be a partner for prosperity. Vedanta is fully committed to investment in the region which has the most amazing natural resources potential, from oil and gas to critical minerals and an exceptional pool of talented human resources,' said Anil Agarwal, Chairman, Vedanta Group.
Cairn Oil & Gas, part of the Vedanta Group, is currently producing from the Hazarigaon field in Assam, which was the first Discovered Small Field (DSF) block to go into production in the Northeast. Cairn has also been supplying gas to tea estates in Assam and fuelling over 100 CNG buses in Guwahati.
Vedanta has secured vanadium and graphite mineral blocks in Arunachal Pradesh through recent critical mineral auctions. Arunachal Pradesh accounts for nearly 40 per cent of the country's hydro power potential and has substantial deposits of graphite, vanadium, and rare earth elements.
The company has also completed the commissioning of a 300-circuit kilometre transmission network enabling the transfer of 1,000 MW power from Assam to Meghalaya.
Vedanta is engaged in several community development initiatives in the region including Nand Ghars, handloom centres supporting over 3,000 women, livelihood training, digital classrooms, and partnerships with Kaziranga National Park and Tiger Reserve.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
6 hours ago
- Economic Times
De Beers draws interest from billionaire Agarwal, Qatari funds, sources say
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Diamond giant De Beers has drawn interest from at least six consortia, including billionaire Anil Agarwal , Indian diamond firms and Qatari investment funds, sources close to the companies told Beers is being carved out of Anglo American as the London-listed miner refocuses on copper and iron ore but the move comes with global diamond prices under chairman of Vedanta Resources , which has mines in Zambia and South Africa, is among the interested parties, as part of a bigger group, two sources and Agarwal both declined to companies including KGK Group and Kapu Gems, which dominate the domestic cutting and polishing trade, and are De Beers's biggest customers, have also expressed an interest, two sources with knowledge of the matter Group and Kapu Gems did not respond to requests for American, whose book value for De Beers stands at $4.9 billion, following $3.5 billion in impairments over the last two years, said it has retained financial advisers Morgan Stanley, Goldman Sachs and Centerview to help with a sale or a demerger and potential listing.
Time of India
7 hours ago
- Time of India
De Beers draws interest from billionaire Agarwal, Qatari funds, sources say
De Beers, currently being divested from Anglo American, has attracted interest from multiple consortia, including billionaire Anil Agarwal, Indian diamond firms like KGK Group and Kapu Gems, and Qatari investment funds. This move occurs amidst challenging global diamond prices as Anglo American shifts its focus to copper and iron ore. Tired of too many ads? Remove Ads Diamond giant De Beers has drawn interest from at least six consortia, including billionaire Anil Agarwal , Indian diamond firms and Qatari investment funds, sources close to the companies told Beers is being carved out of Anglo American as the London-listed miner refocuses on copper and iron ore but the move comes with global diamond prices under chairman of Vedanta Resources , which has mines in Zambia and South Africa, is among the interested parties, as part of a bigger group, two sources and Agarwal both declined to companies including KGK Group and Kapu Gems, which dominate the domestic cutting and polishing trade, and are De Beers's biggest customers, have also expressed an interest, two sources with knowledge of the matter Group and Kapu Gems did not respond to requests for American, whose book value for De Beers stands at $4.9 billion, following $3.5 billion in impairments over the last two years, said it has retained financial advisers Morgan Stanley, Goldman Sachs and Centerview to help with a sale or a demerger and potential listing.
NDTV
11 hours ago
- NDTV
Delhi Chief Minister Rekha Gupta Gets Death Threat, Security Increased
New Delhi: Delhi Chief Minister Rekha Gupta's security was increased on Friday after a caller issued a death threat by dialling up the police control room in the neighbouring city of Ghaziabad, an official said. The caller, who made the death threat to Delhi Chief Minister, turned off his mobile phone immediately after communicating the message to the PCR at 11 p.m. on Thursday, said Ghaziabad's Deputy Commissioner of Police (City). The inter-state coordination cell of Ghaziabad Police informed the Delhi Police about the death threat call made in connection with the Delhi Chief Minister, said an official. The police said the SIM owner of the phone from which the death threat was issued to Ms Gupta had been identified with the help of the telecom company, but the phone has remained switched off since 11 p.m. on Thursday. The threat is likely to impact Rekha Gupta's public interactions as her security ring is being strengthened. Threats and attacks on the Delhi Chief Ministers are not new. In 2019, former Chief Minister Arvind Kejriwal was slapped by an autorickshaw driver. The accused was upset with Kejriwal for "not fulfilling" poll promises. In 2016, black ink was thrown at Mr Kejriwal during an official event at Chhatrasal Stadium in Delhi. A woman from a Punjab outfit had attacked Kejriwal to protest an alleged scam in issuing stickers for CNG vehicles in the city. Mr Kejriwal was addressing a public meeting on the success of his government's "odd-even" vehicle rationing system when the attack took place. Even in the run-up to the Assembly elections in February 2025, there was a security scare when a liquid was thrown on Mr Kejriwal while he was undertaking a padyatra in the Savitri Nagar area of Malviya Nagar colony in Delhi.
