NEW DELHI, Jan 24 (Reuters) -
* Vedanta Resources will invest up to 600 billion Indian rupees ($8.42 billion) in India in the next three years, Chairman Anil Agarwal told TV channel ET Now.
* Vedanta, which is looking to expand its zinc business in India and Africa, is targeting a total annual global production of the metal of 2 million tonnes, Agarwal told ET Now.
* The oil-to-metals conglomerate, which operates in India through its unit Vedanta Ltd, plans to invest $3 billion in oil and gas, he said.
* The company is also looking to produce 1,400 tonnes of silver in India, he said, adding that he is also looking to set up a glass manufacturing unit in Maharashtra, India’s most industrial state.
* Vedanta is committed to invest $1.5 billion in South Africa, Agarwal said, without specifying a timeline.
* The company is currently out of the race to acquire debt-laden Essar Steel, he said.
* Willing to buy remaining stakes in Hindustan Zinc Ltd and Bharat Aluminium Co Ltd whenever the government is ready to disinvest, Agarwal said. ($1 = 71.2550 Indian rupees) (Reporting by Sudarshan Varadhan; editing by Christian Schmollinger)