Each of the four demerged Vedanta entities can be a $100 billion company, says Anil Agarwal

In a letter to shareholders, Vedanta's chairman Anil Agarwal has underscored the focus on being a 'high-growth business', with each of the four newly demerged companies having the potential to grow into a $100 billion company.

"I envision that each of the four newly demerged companies has the potential to grow into a $100 billion company. If you look at where we are headed as a global economy and the demand for such products, these companies and their products are the need of the hour," Anil Agarwal wrote in the letter, sharing through a company filing on March 17.

Agarwal added that the demand for critical minerals and transition metals 'continues to grow at a double-digit rate'.

The ongoing demerger proposes to create natural resource entities which will further result in creation of downstream industries and more jobs, said Vedanta. The rejig will allow the Anil Agarwal-controlled group to list the businesses — aluminum, oil & gas, power, steel and semiconductors — as separate units, and improve the overall valuation of the group.