Jaipur, March 19, 2026: On the occasion of Rajasthan Diwas, Vedanta Group announced a fresh investment commitment of ₹1 lakh crore in Rajasthan, reinforcing its long-term presence in the state across metals, oil & gas, and energy sectors.
The announcement builds on the Group’s existing investment of over ₹1.5 lakh crore, with its key businesses—Hindustan Zinc Limited (HZL) and Cairn Oil & Gas—playing a central role in the state’s industrial and economic growth. Over the past decade, Vedanta has contributed nearly ₹3 lakh crore to the national and state exchequers.
Hindustan Zinc contributes significantly to the state’s mining economy, accounting for nearly one-third of Rajasthan’s mining royalty, while Cairn’s operations in the Barmer-Sanchore Basin have positioned the region as a major onshore oil production hub. Cairn reported production of 84,276 barrels of oil equivalent per day (BOEPD) in FY2025, with cumulative output reaching 781 million barrels of oil equivalent (MMBOE).
Vedanta’s operations have also contributed to employment generation, with the Group supporting over one lakh jobs directly and indirectly across districts such as Udaipur, Chittorgarh, Bhilwara, Rajsamand, Ajmer and Barmer. The state hosts several large-scale assets, including the Rampura Agucha mine, one of the world’s largest underground zinc mines, and the Chanderiya Smelting Complex, among the largest single-location smelting facilities globally.
Anil Agarwal, Chairman, Vedanta Group, said, “Rajasthan is India’s sweet spot when it comes to natural resources. What lies below its ground…metals, minerals, oil and gas has the potential to power not just the state, but the entire nation. Through Hindustan Zinc and Cairn, we have already invested over ₹1.5 lakh crore in Rajasthan, building world-class capabilities in zinc, silver, and oil & gas, while contributing significantly to employment and economic growth. But I believe this is just the beginning. With the right vision and speed, Rajasthan can become a global hub for natural resources and manufacturing. Our next phase of investments will focus on doubling production, creating large industrial ecosystems, and enabling hundreds of downstream industries to grow here. If we unlock this potential fully, Rajasthan will not only drive India’s resource security but also create lakhs of jobs and become a defining force in India’s journey towards self-reliance.”
As part of its future plans, Vedanta is developing a Zinc Park, aimed at creating a downstream manufacturing ecosystem with around 200 industries, supporting MSMEs and value-added production. Cairn is also advancing technologies such as enhanced oil recovery (EOR) to sustain long-term production.
Beyond industrial growth, the Group continues to invest in social development through the Anil Agarwal Foundation, which has established over 25,000 Nand Ghars for women and child development. Hindustan Zinc alone has invested around ₹2,000 crore in community initiatives over the past decade, focusing on education, healthcare and livelihoods.
The announcement highlights Rajasthan’s growing importance as a hub for natural resources, energy and manufacturing, supported by policy stability and infrastructure development. Vedanta stated that its investments aim to further strengthen the state’s industrial ecosystem while contributing to inclusive and sustainable growth.
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