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Vedanta ramps up green spending to $1 billion, renewable use rises 52 per cent
Renewable energy use rises 52 per cent as mining major expands clean capacity
NEW DELHI: Vedanta is putting serious money behind its green shift. The mining and metals major invested more than $1 billion in net-zero transition initiatives during FY26, with renewable energy, lower-carbon fuels, energy efficiency and technology-led measures forming part of its decarbonisation strategy.
The company’s renewable energy utilisation rose 52 per cent year on year to four billion units, or 400 crore units, in FY26. Vedanta said the amount is equivalent to the annual electricity consumption of around three crore Indian households.
The group now has nearly 2,000 MW of installed and contracted renewable energy capacity. It is targeting 2.5 GW of round-the-clock renewable energy capacity by 2030.
The increased use of renewable power, along with other decarbonisation measures, helped Vedanta avoid approximately three million tonnes of carbon dioxide equivalent emissions during FY26, the company said.
Greenhouse gas emissions intensity across the group’s metals and mining operations also declined by around 14 per cent from its 2020-21 baseline.
The investment comes as India pushes to expand its non-fossil fuel power capacity and reduce its dependence on carbon-intensive energy. The country has set a target of 500 GW of non-fossil fuel-based power capacity by 2030, alongside an ambition to meet half of its energy requirements from renewable sources.
India is also targeting net-zero emissions by 2070. Achieving these goals will require substantial investment in renewable generation, transmission networks, power grids, energy storage and electrification.
For mining and metals companies, the transition also creates demand for the materials needed to build that infrastructure. Vedanta’s latest spending therefore reflects a broader shift in which decarbonisation is becoming both an operational priority and a long-term investment opportunity.
