Vedanta Oil and Gas’ stock market debut saw Chairman Anil Agarwal outlining production targets and underscoring confidence in India’s evolving policy environment.
Addressing the ceremonial listing event at the BSE, Agarwal described the oil and gas business as close to his “heart and soul”. He said the company is targeting production of 500,000 barrels per day in the near term. He mentioned his long-term ambition of reaching 1 million barrels per day.
Agarwal also welcomed the progressive regulatory policies for the sector, enabling companies to sustain and expand production over longer horizons. The policy shift, he indicated, provides greater visibility and stability for upstream investments.
His remarks come as Vedanta Oil and Gas begins trading as an independent entity following its demerger, at a time when India is seeking to ramp up domestic production to meet growing energy demand.
Framing the sector’s relevance in a broader economic context, Agarwal added that emerging technologies such as artificial intelligence will continue to drive demand for oil, gas, and minerals, reinforcing the strategic importance of the company’s operations in the years ahead.