Skip to content
Subscriber Only

Agarwal Wants to Build Indian Commodity Giant to Rival Majors

  • Billionaire sees Vedanta challenging likes of Anglo and Rio
  • He’s also Anglo’s top investor, will hold stake for long-term

Billionaire industrialist Anil Agarwal plans to leave behind a legacy: an Indian resources group to rival the world’s biggest.

The founder and owner of Vedanta Resources Plc wants to keep building the company into a giant producer of the commodities that India needs to curb its reliance on imports, create jobs and reduce poverty. Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights in the way that Australia, China or even the U.K does.