Will Vedanta benefit from massive diversification? While the timing seems to be perfect as the economy is in a bounce-back phase, the investors and analysts are concerned about the debt of the parent company Vedanta Resources Nevin John | December 15, 2020 | Updated 17:19 IST Billionaire Anil Agarwal-led Vedanta group's aggressive diversification into new segments through acquisitions has raised investor confidence though there are worries related to debt. The metals and mining giant is in the fray to buy petroleum retailer BPCL and consumer electronics manufacturer Videocon. Besides, it plans to double the steel making capacity at the recently acquired bankrupt company Electrosteel. All these three areas of business are new to Vedanta. It has submitted the expression of interest (EoI) for BPCL and is likely to qualify for giving financial bid. Private equity firms Apollo Global and I Squared Capital's arm Think Gas have also submitted EoIs.