Adding another feather to his cap, Economic Times (ET) has honored Chairman of Vedanta Group, Anil Agrawal with the prestigious ET Business Leader of the Year-2012 award. This award was presented to him by Prime Minister Manmohan Singh.

After receiving the award, Anil Agrawal said, “India has a huge consumption of oil, gas, gold, silver, coal, etc minerals and fortunately India has as big a repository of these resources which is mostly untouched and undeveloped. Additional revenue of 400 Billion Dollars can be earned with the utilization of these resources of which government will get almost 60 percent.”

“We must work towards making India self-dependent in the fields of energy and minerals”, he added.

With an investment plan of Rs 100,000 Crore, Vedanta prepares to make India self-dependent in the field of energy, minerals and metals.

Vedanta is the first group from India to get listed in the London Stock Exchange.

Recently after acquiring Cairn India in Rajasthan, production of oil has increased and it is expected to reach 260,000 barrel per day. Cairn India fulfills 20 percent of India’s oil needs.