Mining giant Vedanta will invest more than Rs. 20,500 Cr in oil & gas and zinc business in Rajasthan over the next three years. While Cairn India will invest Rs. 12,500 Cr over 3 years, HZL has marked Rs. 8,357 Cr for the same period.

Keeping the focus on the upcoming Resurgent Rajasthan Summit that will be held in Jaipur on 19-20^th November, Vedanta has signed an MoU to invest Rs. 20,000 Cr for the expansion of zinc-lead mines and oil business in Rajasthan.

Cairn India signed the MoU for crude oil production to the order of 1,75,000 barrels per day (bbls/day) and 3 Lac cubic metre per day natural gas for supply to the Gujarat Narmada Fertiliser Corporation from 3 petroleum mining lease areas.

Cairn India would be developing Mangla-Bhagyam extended oil recovery polymer and Mangla-Aishwariya in-fills, setting up Sulphate Removal Plant and developing RGD Field, which lays the foundation for sustainable gas production,” it said.

The firm will undertake these projects in Barmer and Jalore districts of Rajasthan.

HZL will develop and expand new and existing zinc-lead ore mines as well as smelters in Udaipur, Rajsamand, Ajmer, Chittorgarh and Bhilwara. The firm has already invested close to Rs 12,000 crore in its business in Rajasthan.

The company will expand its mine production to 12.80 million tonnes per annum (mtpa) from 9.09 mtpa and finished metal production to 1.028 mtpa from 0.85 mtpa

HZL has mines located in Rampura Agucha, Sindesar Khurd, Zawar, Rajpura Dariba and Kayad in Rajasthan, with smelters in Dariba, Chanderiya and Debari. HZL is also looking to expand its all underground mines.

The fertiliser plant to be commissioned will manufacture 0.5 mtpa of di-ammonium phosphate (DAP) in Debari in Udaipur district with an estimated investment of Rs 1,350 crore, Vedanta said.

“The company intends to implement the project in the next 3 years. This further investment would generate additional employment opportunities for more than 7,000 people,” it added.