Vedanta Group

Vedanta group's four demerged entities make debut on stock exchanges

Vedanta group's four demerged entities -- Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron And Steel -- made their stock market debut on Monday. Shares of Vedanta Aluminium Metal began trading at Rs 527 and further hit a high of Rs 538 on the BSE. Vedanta Power listed at Rs 41.30 and further climbed to Rs 43.35. Shares of Vedanta Oil and Gas started trading at Rs 39 and scaled to a high of Rs 40.95. Vedanta Iron And Steel shares listed at Rs 22.25. Later in the trade, shares of Vedanta Aluminium Metal were quoting lower from their opening price, Vedanta Oil and Gas and Vedanta Iron And Steel also traded lower. However, Vedanta Power was trading 3.63 per cent higher from the opening price. Vedanta Aluminium Metal's market valuation stood at Rs 1,95,773.58 crore, while Vedanta Power's mcap was Rs 16,736.46 crore on the BSE. Vedanta Oil and Gas commanded a market valuation of Rs 14,487.99 crore and Vedanta Iron And Steel's mcap was Rs 8,231.37 crore. Al

Vedanta group's 4 demerged businesses set for stock market debut on June 15

Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...

Court orders probe into alleged illegal fly ash dumping by Vedanta unit

Jharsuguda court directs police to register an FIR and investigate allegations of unauthorised fly ash dumping near the Bheden river by Vedanta Aluminium.

Vedanta rebrands copper, nickel businesses as Vedanta Copper, Nickel

Vedanta Ltd on Monday said it has rebranded its copper and nickel businesses as Vedanta Copper and Vedanta Nickel, respectively, as part of the diversified multinational group's strategy to create sector-focused identities. The company said that all copper operations will be unified under Vedanta Copper, including Sterlite Copper, Fujairah Gold and Vedanta Copper International (VCI). VCI will be the international wing of Vedanta Copper, representing operations at Faujairah and Saudi Arabia. Vedanta Nico, renamed as Vedanta Nickel, will sharpen its focus on building a domestic nickel ecosystem and supporting the country's demand for critical minerals. The new brand identities will be rolled out across business operations and stakeholder touchpoints in a phased manner. Both businesses will continue to operate under Vedanta Ltd. "Vedanta's copper and nickel businesses announced their transition to unified sector-focused brand identities Vedanta Copper and Vedanta Nickel as part of t

ED carries out searches against Vedanta Group as part of Fema probe

The Enforcement Directorate on Tuesday conducted searches against the Vedanta Group as part of a FEMA probe, officials said. They said the action was going on. The searches are part of a Foreign Exchange Management Act (FEMA) violation investigation, they said. More details are yet to be ascertained. An official statement from the company is awaited.

Vedanta demerger: 4 new companies may list on stock exchanges by mid-June

Market participants expect four new demerged businesses of Vedanta Group to likely list on the exchanges by mid June

Vedanta demerger: How mutual funds are rebalancing after the five-way split

As Vedanta splits into five separate listed entities, the immediate focus has shifted from business fundamentals to the technical mechanics of fund rebalancing

Vedanta demerger moves past record date, street eyes index positioning

Vedanta will remain in Nifty Next 50, and the four demerged entities will be added as 'dummy constituents' until formal listing

Vedanta demerger explained: Four new stocks, what investors should know

The restructuring aims to create pure-play companies that can attract sector-focused investors, improve operational efficiency, and enable sharper capital allocation

Ops, maintenance entrusted to NTPC-GE: Vedanta chief on Chhattisgarh blast

Nearly two weeks after Chhattisgarh power plant blast killed 25 people, Vedanta Chairman Anil Agarwal on Monday said the entire responsibility for the operations and maintenance (O&M) of the facility was entrusted with NGSL, a joint venture between power giant NTPC and GE. "What weighs heavily on my mind is this: at our Athena plant, we had put in place the highest standards of safety. The entire responsibility was entrusted to NGSL, a partnership between NTPC and GE, among the most respected and trusted institutions in India. The contractors, the teams, the technical expertise, all were theirs. "It was on the strength of this trust that we had confidently outsourced the plant's operations and maintenance. And yet, this unfortunate tragedy occurred," Agarwal said in a social media post. Drawing an analogy, he compared it to vehicle owners handing over their cars to trusted drivers, expecting them to follow rules and stay safe. "It is a lot like a vehicle owner placing his trust in

Vedanta's HZL posts record mined, refined metal output in Q4; silver slips

Mined metal production rises to 315 KT and refined metal to 282 KT in Q4; silver drops marginally to 176 tonnes, while FY26 sees highest-ever annual zinc output of 851 KT

Vedanta chairman calls for faster reforms to unlock mining potential

Vedanta chairman Anil Agarwal highlights delays in operationalising auctioned mineral blocks, urging reforms to boost production and reduce India's import dependence

Vedanta aims to raise women workforce share to 35%, launches hiring drive

Vedanta Group is targeting to increase women representation across all organisational levels to 35 per cent from 23 per cent at present. The company has also announced the launch of nationwide campaign #HerAtTheCore and a LinkedIn-led hiring drive inviting women to build careers across mining, metals, oil and gas, power and technology, a statement said. Quoting Annual Survey of Industries, Vedanta said women accounted for around 18 per cent of direct employment across industries in 2023-24, while in core sectors such as mining and metals, their share remained only 6 per cent. The campaign seeks to highlight the fact that India is entering a defining decade of industrial growth, powering the global energy transition, building EV supply chains, and strengthening its role in advanced manufacturing and technology, Vedanta said. Metals, minerals, oil & gas, and power are crucial for the growth of these industries. And yet, women represent only about 6 per cent of the workforce across ..

Vedanta Q3 production: Aluminium, zinc, iron ore rise; oil, steel dip

Mining giant Vedanta Ltd on Saturday said it has reported a rise in production of aluminium, zinc and iron ore during the December quarter. However, production of steel, and oil and gas dropped during the third quarter of the current fiscal year. The company's total aluminium production during the quarter rose marginally by 1 per cent, mined metal production at Zinc India increased 4 per cent, and mined metal production at Zinc International rose 28 per cent. In the oil and gas segment, Vedanta's average daily gross operated production dropped 15 per cent during the quarter to 84,900 barrels of oil equivalent per day (boepd). The production of saleable iron ore rose 3 per cent to 1.6 million tonnes during the quarter. The quarterly saleable ore production was "up 3 per cent YoY and 49 per cent Q-o-Q with improved operational efficiencies", Vedanta said in a filing to the BSE. The saleable steel production during the quarter declined marginally by 1 per cent, the filing said. Ved

Vedanta demerger into five listed firms likely by March 2026: Anil Agarwal

Vedanta plans to complete its demerger into five listed pure-play companies by March 2026, with its ₹48,000 crore debt allocated based on cash flows, said chairman Anil Agarwal

Vedanta's demerger plan gets NCLT nod; can now split business into 5 units

The ruling clears way for Vedanta's vast operations to split into five separate units, of which four will focus on aluminum, power, oil & gas, and iron ore, respectively

B&K backs Hindustan Zinc on low-cost operations, silver-driven earnings

The firm has set a target price of ₹610 for HZL, valuing the zinc and lead businesses at 9x EV/Ebitda and the silver segment at 15x EV/Ebitda on FY28E estimates

Cairn Oil & Gas seeks global partners for recovery enhancement, rigs

The partnership would follow a gain-sharing model based on recovery and production improvements, with the partner holding full ownership of the recovery enhancement projects, said Cairn Oil & Gas

Vedanta eyes FY26 growth with debt cut, demerger, and new capacities

Aluminium and zinc segments drive Vedanta's Q2FY26 performance as debt reduction, demerger progress, and expansion projects boost investor confidence in earnings growth ahead

Vedanta to invest ₹1 trn more in Odisha, add 100K jobs across three plants

Vedanta Group to build three new plants - one for ferro-alloys and two for aluminium - taking its total investment in Odisha to ₹2 trillion and creating over 100,000 jobs