Vedanta looking to partner global EPC company

Mumbai: Natural resources major Vedanta is looking for a global EPC company to partner with on brownfield expansion projects it has lined up across various businesses over the next three years.

Vedanta has invited global companies with experience in engineering, procurement and construction (EPC) management, through an expression of interest, to implement these projects across zinc, aluminium, copper, power, and oil and gas. Currently in the final stages of its demerger, Vedanta will be split into five different companies with each of the companies housing a business. The move is aimed at unlocking value for shareholders while allowing businesses to grow independently.

The Anil Agarwal-led conglomerate is looking at expanding capacity in both its zinc and aluminium business, and is also open to capacity expansion for its steel business.