New Delhi, Feb. 18 -- India's mining major, Vedanta, has been growing from strength to strength. It produces more than 15 commodities including steel, aluminum, zinc, lead, and silver, engages a workforce of more than 90,000, and contributes 1.5% to India's GDP.

It also harbours strong ambitions and has aligned its strategies to drive the medium-term vision of delivering, deleveraging, and demerging. It aims to deliver growth while improving cost efficiency to clock $10 billion annual Ebitda over the near term, deleverage down to 1x of net debt to Ebitda, and demerge its businesses to unlock value for investors.

Factoring in these plans for growth, investors have lapped up the stock. Vedanta has delivered more than 50% return in the las...