While Cairn India will invest Rs 12,500 crore over the next 3 years, Hindustan Zinc (HZL) has marked Rs 8,357 crore for the same period.
"With focus on Resurgent Rajasthan Summit to be held in Jaipur on November 19-20, 2015, Vedanta has signed MoUs to invest over Rs 20,000 crore for the expansion of zinc-lead mines and oil business in Rajasthan," the firm said in a statement.
Cairn India signed the MoU for crude oil production to the order of 1,75,000 barrels per day (bbls/day) and 3 lakh cubic metre per day natural gas for supply to the Gujarat Narmada Fertiliser Corporation from 3 petroleum mining lease areas, it added.
"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.
The firm will be expanding its mines and smelters and has proposed to set up a fertiliser plant in Rajasthan, he added.
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, it said.


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