Core Viewpoint - Vedanta is committed to using coal as the primary energy source for its mining operations while planning to reduce its reliance on coal to 50-60% in the next three to four years by incorporating more renewable energy sources [1][2] Group 1: Energy Strategy - Currently, coal makes up approximately 70% of Vedanta's energy mix [1] - The company aims to integrate renewable sources such as solar and wind to decrease coal reliance [1][2] - Vedanta's CEO stated that coal will remain the baseload contributor for the company [2] Group 2: Product Development - Vedanta is investing in low-carbon products like aluminium and zinc, which currently account for less than 20% of total output [2] - The company plans to expand production of these low-carbon products [2] Group 3: International Operations - Vedanta is exploring energy transitions in its international operations, including a 300MW power plant in Zambia, which will be split between coal and renewable energy [2][3] - The company has resumed copper production in Zambia, reaching 180,000-200,000 tonnes, with plans to increase output to 300,000 tonnes over three years [3] Group 4: Regulatory Challenges - The Indian Government halted Vedanta's proposed restructuring into four new entities due to concerns over dues recovery [4]
Indian miner Vedanta to continue coal as primary energy source – report