Vedanta Invests Over USD 1 Billion In Net-Zero Transition During FY26

Vedanta, a prominent mining company, disclosed in its FY26 financial report that it allocated over USD 1 billion towards net-zero transition projects. The company's focus was on renewable energy, lower-carbon fuels, energy efficiency, and technology-driven measures to curb its carbon footprint. During this period, Vedanta's use of renewable energy surged by 52% year-over-year, reaching 4 billion units (400 crore units) in 2025-26.

This increase is equivalent to the annual electricity consumption of approximately 3 crore Indian households.

Vedanta has secured a 152-hectare manganese block, a move that the company believes will bolster India's domestic supply. Currently, Vedanta possesses around 2,000 MW of installed and contracted renewable energy capacity and aims to achieve 2.5 GW of round-the-clock renewable energy capacity by 2030. These efforts have not only bolstered Vedanta's sustainability initiatives but also contributed to a reduction of approximately 3 million tonne of carbon dioxide equivalent emissions in 2025-26.

Moreover, the company's greenhouse gas emissions intensity in metals and mining production fell by around 14% from the 2020-21 baseline.

India has set an ambitious target of generating 500 GW of non-fossil fuel-based power by 2030, along with its broader goal of meeting 50% of its energy needs from renewable sources and attaining net-zero emissions by 2070. This ambitious roadmap requires substantial investments in renewable energy generation, transmission, power grids, storage, and electrification, which in turn is expected to drive long-term demand for metals and minerals that are essential for such infrastructure.