Regulatory cloud lifts, Vedanta readies Bokaro capacity doubling

On June 15, four spun-off entities of the Vedanta group: Vedanta Aluminum Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron and Steel made their stock market debut, marking a major milestone in Agarwal’s drive to split the diversified natural resources group into sector-focused businesses. The 71-year-old chairman, who started out as a copper trader in Bihar before turning Vedanta into a mining conglomerate, told investors that the five companies could eventually be worth $100 billion each and could benefit from India’s growth story.