Vedanta
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Oct 8 (Reuters) - Vedanta Ltd VDAN.NS:
APPROVES FIRST INTERIM DIVIDEND OF 5 RUPEES PER SHARE FOR FY2026-27 TOTALING 19.55 BILLION RUPEES
Source text: ID:nBSEbKwLBb
Further company coverage: VDAN.NS
(([email protected];))
Oct 8 (Reuters) - Vedanta Ltd VDAN.NS:
APPROVES FIRST INTERIM DIVIDEND OF 5 RUPEES PER SHARE FOR FY2026-27 TOTALING 19.55 BILLION RUPEES
Source text: ID:nBSEbKwLBb
Further company coverage: VDAN.NS
(([email protected];))
Sept 30 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA SAYS SUCCESSFULLY RAISED 20 BILLION RUPEES THROUGH BASE ISSUE OF NCDS- STATEMENT
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];))
Sept 30 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA SAYS SUCCESSFULLY RAISED 20 BILLION RUPEES THROUGH BASE ISSUE OF NCDS- STATEMENT
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];))
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, Sept 28 (Reuters) - Indian companies are rushing to lock in borrowing costs ahead of a potential rate hike by the central bank, with about $3 billion of rupee debt issuances lined up over the next few days.
Large Indian conglomerates, state-run firms, infrastructure investment trusts and non-bank finance companies are preparing at least 290 billion rupees ($3.02 billion) of short- to long-duration bond sales ahead of the central bank's October 7 monetary policy decision.
Some of the prominent corporate borrowers issuing debt include Reliance Industries RELI.NS, Vedanta VDAN.NS, Delhi International Airport, Adani Airport Holdings and JSW Energy JSWE.NS, seeking an aggregate 185 billion rupees, while infrastructure-related firms Cube Highways Trust CUBH.NS, Interise Trust ITES.NS and India Infradebt are eyeing 60 billion rupees.
"Issuers who have a view that rupee interest rates will go even higher are locking in rates," said Akshay Naik, India head of debt capital markets at Citibank.
"We expect issuances, particularly from large, frequent and high-rated issuers to be absorbed by investors."
LIKELY RATE HIKE
A large majority of market participants expect the Reserve Bank of India to raise interest rates, with further liquidity-draining measures on the cards. If they're right, it would mark the RBI's first rate hike since February 2023.
"With the October policy approaching, there is some uncertainty around the direction of interest rates and liquidity conditions," said Harish Reddy, co-founder, Stable Money, a fixed income investment platform.
The policy decision has as its backdrop signs of broadening inflation in India and hikes by major central banks globally, including by the US Federal Reserve. Expectations for RBI policy have shifted over the past month amid a pickup in inflation and stubbornly higher oil prices, bringing prospects of an October rate hike into focus.
Several foreign banks, including Citi and Deutsche Bank, have brought forward their rate-hike calls from December to October, while market pricing reflects a higher likelihood of a longer tightening cycle.
While a rate hike hanging over the market's head is pushing up corporate issuance, there is also "a lot of liquidity in the (banking) system to absorb this supply," said Ankit Gupta, founder and MD, Digifinn, an online bond trading platform.
($1 = 95.9775 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; editing by Nimesh Vora and Ronojoy Mazumdar)
(([email protected];))
By Khushi Malhotra and Dharamraj Dhutia
MUMBAI, Sept 28 (Reuters) - Indian companies are rushing to lock in borrowing costs ahead of a potential rate hike by the central bank, with about $3 billion of rupee debt issuances lined up over the next few days.
Large Indian conglomerates, state-run firms, infrastructure investment trusts and non-bank finance companies are preparing at least 290 billion rupees ($3.02 billion) of short- to long-duration bond sales ahead of the central bank's October 7 monetary policy decision.
Some of the prominent corporate borrowers issuing debt include Reliance Industries RELI.NS, Vedanta VDAN.NS, Delhi International Airport, Adani Airport Holdings and JSW Energy JSWE.NS, seeking an aggregate 185 billion rupees, while infrastructure-related firms Cube Highways Trust CUBH.NS, Interise Trust ITES.NS and India Infradebt are eyeing 60 billion rupees.
"Issuers who have a view that rupee interest rates will go even higher are locking in rates," said Akshay Naik, India head of debt capital markets at Citibank.
"We expect issuances, particularly from large, frequent and high-rated issuers to be absorbed by investors."
LIKELY RATE HIKE
A large majority of market participants expect the Reserve Bank of India to raise interest rates, with further liquidity-draining measures on the cards. If they're right, it would mark the RBI's first rate hike since February 2023.
"With the October policy approaching, there is some uncertainty around the direction of interest rates and liquidity conditions," said Harish Reddy, co-founder, Stable Money, a fixed income investment platform.
The policy decision has as its backdrop signs of broadening inflation in India and hikes by major central banks globally, including by the US Federal Reserve. Expectations for RBI policy have shifted over the past month amid a pickup in inflation and stubbornly higher oil prices, bringing prospects of an October rate hike into focus.
Several foreign banks, including Citi and Deutsche Bank, have brought forward their rate-hike calls from December to October, while market pricing reflects a higher likelihood of a longer tightening cycle.
While a rate hike hanging over the market's head is pushing up corporate issuance, there is also "a lot of liquidity in the (banking) system to absorb this supply," said Ankit Gupta, founder and MD, Digifinn, an online bond trading platform.
($1 = 95.9775 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; editing by Nimesh Vora and Ronojoy Mazumdar)
(([email protected];))
By Sarita Chaganti Singh and Sethuraman N R
NEW DELHI, Sept 26 (Reuters) - India has ordered more than 100 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end to meet what it expects will be a rise in electricity demand.
The federal power ministry's order, invoked under emergency provisions of the Electricity Act, applies to plants with installed capacity of at least 50 megawatts
The aim is to meet an "expected rise in electricity demand in the coming months," showed the order dated September 25 and seen by Reuters
Nearly 40% of coal-fired plants are operating with critically low fuel stock due to a surge in power demand as the El Niño climate phenomenon raises temperatures more than usual
The plants primarily serve industrial facilities such as aluminium smelters, steel manufacturers, cement factories and oil refineries
The power ministry has directed generators to sell surplus electricity through power exchanges
The order covers 112 plants belonging to companies including Vedanta VDAN.NS, Tata Steel TISC.NS, Hindalco Industries HALC.NS, JSW Steel JSTL.NS, UltraTech Cement ULTC.NS, Reliance Industries RELI.NS, Indian Oil IOC.NS, Bharat Aluminium BHLNO.UL, Hindustan Zinc HZNC.NS and Nayara Energy
The ministry has ordered plants to report weekly to the Central Electricity Authority detailing generation, captive consumption, power sales, available capacity and coal stocks
Separately, the ministry has extended an earlier emergency order requiring Tata Power's TTPW.NS imported coal-fired plant in Mundra, Gujarat, to operate at full capacity until December 31, citing the demand situation
Section 11 of the Electricity Act allows the government, under extraordinary circumstances, to direct generators to operate power stations in accordance with its instructions
(Reporting by Sethuraman NR and Sarita Chaganti Singh; Editing by Christopher Cushing)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sarita Chaganti Singh and Sethuraman N R
NEW DELHI, Sept 26 (Reuters) - India has ordered more than 100 captive coal-fired power plants to operate at maximum capacity from October 1 through year-end to meet what it expects will be a rise in electricity demand.
The federal power ministry's order, invoked under emergency provisions of the Electricity Act, applies to plants with installed capacity of at least 50 megawatts
The aim is to meet an "expected rise in electricity demand in the coming months," showed the order dated September 25 and seen by Reuters
Nearly 40% of coal-fired plants are operating with critically low fuel stock due to a surge in power demand as the El Niño climate phenomenon raises temperatures more than usual
The plants primarily serve industrial facilities such as aluminium smelters, steel manufacturers, cement factories and oil refineries
The power ministry has directed generators to sell surplus electricity through power exchanges
The order covers 112 plants belonging to companies including Vedanta VDAN.NS, Tata Steel TISC.NS, Hindalco Industries HALC.NS, JSW Steel JSTL.NS, UltraTech Cement ULTC.NS, Reliance Industries RELI.NS, Indian Oil IOC.NS, Bharat Aluminium BHLNO.UL, Hindustan Zinc HZNC.NS and Nayara Energy
The ministry has ordered plants to report weekly to the Central Electricity Authority detailing generation, captive consumption, power sales, available capacity and coal stocks
Separately, the ministry has extended an earlier emergency order requiring Tata Power's TTPW.NS imported coal-fired plant in Mundra, Gujarat, to operate at full capacity until December 31, citing the demand situation
Section 11 of the Electricity Act allows the government, under extraordinary circumstances, to direct generators to operate power stations in accordance with its instructions
(Reporting by Sethuraman NR and Sarita Chaganti Singh; Editing by Christopher Cushing)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Dharamraj Dhutia
MUMBAI, Sept 25 (Reuters) - India's Vedanta VDAN.NS is preparing to launch its first rupee bond of the year before the central bank's monetary policy decision early next month, two merchant bankers said on Friday.
The miner plans to raise 35 billion rupees ($364.75 million) through three-year bonds and could pay a coupon of about 8.75%, the bankers said.
The bankers requested anonymity as they are not authorised to speak to the media, while the company did not reply to a Reuters email seeking comment outside business hours.
"Vedanta has tied up with some foreign banks and mutual funds, and the issue should be completed in the next three-four days," one of the bankers mentioned above said.
The bonds are rated "AA+" by Icra and Crisil.
The coupon will be stepped up by 50 basis points if the rating is downgraded from "AA+" to "AA–", and additional 25 bps for each notch below "AA–", the bankers said.
In March, the company raised 25.75 billion rupees through three-year bonds at an annual coupon of 8.95%.
($1 = 95.9550 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Sept 25 (Reuters) - India's Vedanta VDAN.NS is preparing to launch its first rupee bond of the year before the central bank's monetary policy decision early next month, two merchant bankers said on Friday.
The miner plans to raise 35 billion rupees ($364.75 million) through three-year bonds and could pay a coupon of about 8.75%, the bankers said.
The bankers requested anonymity as they are not authorised to speak to the media, while the company did not reply to a Reuters email seeking comment outside business hours.
"Vedanta has tied up with some foreign banks and mutual funds, and the issue should be completed in the next three-four days," one of the bankers mentioned above said.
The bonds are rated "AA+" by Icra and Crisil.
The coupon will be stepped up by 50 basis points if the rating is downgraded from "AA+" to "AA–", and additional 25 bps for each notch below "AA–", the bankers said.
In March, the company raised 25.75 billion rupees through three-year bonds at an annual coupon of 8.95%.
($1 = 95.9550 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
(([email protected];))
By Neha Arora
NEW DELHI, Sept 24 (Reuters) - Indian copper producers have urged the government to reduce the indirect goods and services tax (GST) on copper products to 5% from 18%, arguing that the current rate locks up more than 490 billion rupees ($5.11 billion) in working capital.
The petition by Bharat Metal Exchange (BME) and copper producers including Hindalco Industries HALC.NS, Vedanta Ltd VDAN.NS, billionaire Gautam Adani's Kutch Copper Ltd and Hindustan Copper HCPR.NS was sent to the GST Council, chaired by the federal finance minister, on September 22. The letter was shared by BME with Reuters.
"The current 18% GST rate immobilises critical working capital across an unusually long (four to five months) processing and conversion cycle," the letter said.
The tax burden leaves little for procurement of raw materials and other business expenditures given rising copper prices, an official with BME said.
Copper producers have committed 440 billion rupees in capital expenditure by 2030 that would create an estimated 45,000 jobs, BME's letter said.
Copper prices on the London Metal Exchange touched a record high of $14,875 a metric ton earlier this month.
India, which is the world's second-biggest refined copper importer, may have to import 91% to 97% of its copper concentrates by 2047, according to the government.
The country's copper imports rose 4% to 1.2 million metric tons in fiscal 2025. Demand is expected to climb to 3 million metric tons to 3.3 million metric tons by 2030 and 8.9 million metric tons to 9.8 million metric tons by 2047, the government has said.
($1 = 95.9250 Indian rupees)
(Reporting by Neha Arora; Editing by Diti Pujara)
(([email protected]; X: neha_5;))
By Neha Arora
NEW DELHI, Sept 24 (Reuters) - Indian copper producers have urged the government to reduce the indirect goods and services tax (GST) on copper products to 5% from 18%, arguing that the current rate locks up more than 490 billion rupees ($5.11 billion) in working capital.
The petition by Bharat Metal Exchange (BME) and copper producers including Hindalco Industries HALC.NS, Vedanta Ltd VDAN.NS, billionaire Gautam Adani's Kutch Copper Ltd and Hindustan Copper HCPR.NS was sent to the GST Council, chaired by the federal finance minister, on September 22. The letter was shared by BME with Reuters.
"The current 18% GST rate immobilises critical working capital across an unusually long (four to five months) processing and conversion cycle," the letter said.
The tax burden leaves little for procurement of raw materials and other business expenditures given rising copper prices, an official with BME said.
Copper producers have committed 440 billion rupees in capital expenditure by 2030 that would create an estimated 45,000 jobs, BME's letter said.
Copper prices on the London Metal Exchange touched a record high of $14,875 a metric ton earlier this month.
India, which is the world's second-biggest refined copper importer, may have to import 91% to 97% of its copper concentrates by 2047, according to the government.
The country's copper imports rose 4% to 1.2 million metric tons in fiscal 2025. Demand is expected to climb to 3 million metric tons to 3.3 million metric tons by 2030 and 8.9 million metric tons to 9.8 million metric tons by 2047, the government has said.
($1 = 95.9250 Indian rupees)
(Reporting by Neha Arora; Editing by Diti Pujara)
(([email protected]; X: neha_5;))
LUSAKA, Sept 21 (Reuters) - Vedanta's VDAN.NS Konkola Copper Mines has resumed operations at its Nchanga smelter in Zambia after more than three months of maintenance and repairs, the company said on Monday.
The Nchanga smelter, built at a cost of $350 million and commissioned in 2010, is one of the country's largest, with capacity to produce 311,000 metric tons of copper.
The shutdown was initially scheduled for 60 days, but took 106 days after detailed inspections identified additional critical work, Konkola Copper Mines said in a statement.
The smelter rehabilitation cost about $40 million and was the first major refurbishment in eight years.
Konkola Copper Mines produced 80,215 tons of copper in 2025, according to the mines ministry.
The plant maintenance is part of the company's broader modernisation strategy, designed to lift its output towards a target of 300,000 tons per year by 2030.
That fits within the ambition of Zambia, Africa's No. 2 copper producer, to raise national output to 3 million tons by 2031 from 890,346 tons in 2025.
(Reporting by Chris Mfula, writing by Nelson Banya; Editing by Emelia Sithole-Matarise)
(([email protected];))
LUSAKA, Sept 21 (Reuters) - Vedanta's VDAN.NS Konkola Copper Mines has resumed operations at its Nchanga smelter in Zambia after more than three months of maintenance and repairs, the company said on Monday.
The Nchanga smelter, built at a cost of $350 million and commissioned in 2010, is one of the country's largest, with capacity to produce 311,000 metric tons of copper.
The shutdown was initially scheduled for 60 days, but took 106 days after detailed inspections identified additional critical work, Konkola Copper Mines said in a statement.
The smelter rehabilitation cost about $40 million and was the first major refurbishment in eight years.
Konkola Copper Mines produced 80,215 tons of copper in 2025, according to the mines ministry.
The plant maintenance is part of the company's broader modernisation strategy, designed to lift its output towards a target of 300,000 tons per year by 2030.
That fits within the ambition of Zambia, Africa's No. 2 copper producer, to raise national output to 3 million tons by 2031 from 890,346 tons in 2025.
(Reporting by Chris Mfula, writing by Nelson Banya; Editing by Emelia Sithole-Matarise)
(([email protected];))
Sept 15 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA - TO CONSIDER PROPOSAL FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES
Source text: ID:nBSE7KfxX3
Further company coverage: VDAN.NS
(([email protected];))
Sept 15 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA - TO CONSIDER PROPOSAL FOR ISSUANCE OF NON-CONVERTIBLE DEBENTURES
Source text: ID:nBSE7KfxX3
Further company coverage: VDAN.NS
(([email protected];))
- Vedanta committed more than INR 210 billion through FY26 to expand metals output and capacity for India’s EV supply chain.
- Spending targets aluminium, zinc, value-added alloys, copper, steel, nickel, ferrochrome to deepen domestic availability of key inputs.
- Aluminium expansions at BALCO in Chhattisgarh, Jharsuguda in Odisha to lift smelting and value-added capacity for auto, electrical demand.
- Copper push includes a copper rod plant investment in Saudi Arabia, extending downstream capacity alongside record 170 kt cathode output in FY2025-26.
- Secured 10 critical mineral blocks to reduce import reliance, with exploration underway across five blocks.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on September 09, 2026, and is solely responsible for the information contained therein.
- Vedanta committed more than INR 210 billion through FY26 to expand metals output and capacity for India’s EV supply chain.
- Spending targets aluminium, zinc, value-added alloys, copper, steel, nickel, ferrochrome to deepen domestic availability of key inputs.
- Aluminium expansions at BALCO in Chhattisgarh, Jharsuguda in Odisha to lift smelting and value-added capacity for auto, electrical demand.
- Copper push includes a copper rod plant investment in Saudi Arabia, extending downstream capacity alongside record 170 kt cathode output in FY2025-26.
- Secured 10 critical mineral blocks to reduce import reliance, with exploration underway across five blocks.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on September 09, 2026, and is solely responsible for the information contained therein.
Preliminary discussions between Indian and Zambian officials took place on August 26, sources said
Talks earlier stalled over mining rights assurances for 9,000 square kilometres awarded to India last year
Khanij Bidesh India evaluates opportunities in Australia, Brazil, Canada, Russia and Indonesia
By Neha Arora
NEW DELHI, Sept 1 (Reuters) - India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals, two sources said, as New Delhi looks increasingly overseas for raw materials to meet rising demand from its rapidly growing economy.
Officials from India's Ministry of Mines held preliminary discussions with Zambian officials on August 26, the two people familiar with the talks said, requesting anonymity because the discussions were confidential.
One of the sources said the two sides did not discuss a stalled project that had halted talks earlier.
Reuters reported in April that talks between India and Zambia had stalled over a lack of assurances from Lusaka on mining rights for an area of 9,000 square kilometres (3,475 square miles) awarded to India last year.
India's Ministry of Mines did not respond to a Reuters request for comment. A spokesperson for Zambia's Ministry of Mines said they could not confirm anything for now.
Khanij Bidesh India Ltd, India's main vehicle for securing critical mineral supplies overseas, is also evaluating investment opportunities in Australia, Brazil, Canada, Russia and Indonesia, and is in talks about a project in Malawi.
India has been in talks with several African countries to acquire critical mineral blocks on a government-to-government basis, while also exploring opportunities in Australia and Latin America.
Africa, and the Democratic Republic of Congo and Zambia in particular, can play an important role in meeting India's growing requirements for copper and cobalt, said a spokesperson for the Federation of Indian Mineral Industries.
"We believe Indian companies should primarily be encouraged to pursue brownfield and near-production projects, along with long-term offtake arrangements," the spokesperson said.
India is the world's second-biggest buyer of refined copper and its copper imports have risen sharply since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter. It may have to import 91% to 97% of its copper concentrates by 2047, the government has said.
(Reporting by Neha Arora in New Delhi; Additional reporting by Chris Mfula in Lusaka; Editing by Mayank Bhardwaj and Tomasz Janowski)
(([email protected]; X: neha_5;))
Preliminary discussions between Indian and Zambian officials took place on August 26, sources said
Talks earlier stalled over mining rights assurances for 9,000 square kilometres awarded to India last year
Khanij Bidesh India evaluates opportunities in Australia, Brazil, Canada, Russia and Indonesia
By Neha Arora
NEW DELHI, Sept 1 (Reuters) - India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals, two sources said, as New Delhi looks increasingly overseas for raw materials to meet rising demand from its rapidly growing economy.
Officials from India's Ministry of Mines held preliminary discussions with Zambian officials on August 26, the two people familiar with the talks said, requesting anonymity because the discussions were confidential.
One of the sources said the two sides did not discuss a stalled project that had halted talks earlier.
Reuters reported in April that talks between India and Zambia had stalled over a lack of assurances from Lusaka on mining rights for an area of 9,000 square kilometres (3,475 square miles) awarded to India last year.
India's Ministry of Mines did not respond to a Reuters request for comment. A spokesperson for Zambia's Ministry of Mines said they could not confirm anything for now.
Khanij Bidesh India Ltd, India's main vehicle for securing critical mineral supplies overseas, is also evaluating investment opportunities in Australia, Brazil, Canada, Russia and Indonesia, and is in talks about a project in Malawi.
India has been in talks with several African countries to acquire critical mineral blocks on a government-to-government basis, while also exploring opportunities in Australia and Latin America.
Africa, and the Democratic Republic of Congo and Zambia in particular, can play an important role in meeting India's growing requirements for copper and cobalt, said a spokesperson for the Federation of Indian Mineral Industries.
"We believe Indian companies should primarily be encouraged to pursue brownfield and near-production projects, along with long-term offtake arrangements," the spokesperson said.
India is the world's second-biggest buyer of refined copper and its copper imports have risen sharply since the 2018 closure of Vedanta's VDAN.NS Sterlite Copper smelter. It may have to import 91% to 97% of its copper concentrates by 2047, the government has said.
(Reporting by Neha Arora in New Delhi; Additional reporting by Chris Mfula in Lusaka; Editing by Mayank Bhardwaj and Tomasz Janowski)
(([email protected]; X: neha_5;))
Aug 26 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA RESOURCES DENIES RECENT MEDIA SPECULATION REGARDING SALE OF ITS SHAREHOLDING IN VEDANTA GROUP COMPANIES - VEDANTA SPOKESPERSON
VEDANTA RESOURCES SAYS CURRENTLY NO PLAN TO SELL ITS SHAREHOLDING IN VEDANTA GROUP COMPANIES - VEDANTA SPOKESPERSON
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];;))
Aug 26 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA RESOURCES DENIES RECENT MEDIA SPECULATION REGARDING SALE OF ITS SHAREHOLDING IN VEDANTA GROUP COMPANIES - VEDANTA SPOKESPERSON
VEDANTA RESOURCES SAYS CURRENTLY NO PLAN TO SELL ITS SHAREHOLDING IN VEDANTA GROUP COMPANIES - VEDANTA SPOKESPERSON
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];;))
Vedanta Ltd released encumbrances over 2.14 billion shares, representing 54.72% of its equity, after the complete repayment of three facilities arranged for entities in the Vedanta Resources group. The release took effect on 21 August 2026, and Kroll Trustee Services said no encumbrances over Vedanta shares remained in its favour. The facilities carried aggregate commitments of up to US$1.73 billion under agreements signed in April 2025, June 2025 and January 2026, with the last agreement amended in May 2026. The release followed other promoter-financing disclosures in August covering the repayment of US$80m, US$500m and US$550m facilities, while larger arrangements remained disclosed in principle.
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Vedanta Ltd released encumbrances over 2.14 billion shares, representing 54.72% of its equity, after the complete repayment of three facilities arranged for entities in the Vedanta Resources group. The release took effect on 21 August 2026, and Kroll Trustee Services said no encumbrances over Vedanta shares remained in its favour. The facilities carried aggregate commitments of up to US$1.73 billion under agreements signed in April 2025, June 2025 and January 2026, with the last agreement amended in May 2026. The release followed other promoter-financing disclosures in August covering the repayment of US$80m, US$500m and US$550m facilities, while larger arrangements remained disclosed in principle.
Powered by Tijori
- Vedanta commissioned India’s first high-speed hydrostatic portable drilling rig to accelerate gold and critical-mineral exploration.
- Rig targets drilling depths up to 1,000 meters, versus a typical 300-400 meters, improving access in difficult terrain.
- Deployment begins at two exploration projects in Chhattisgarh focused on gold, nickel, chromium, platinum group elements.
- Company holds 10 critical-mineral blocks, positioning it to reduce import dependence as global demand is projected to triple by 2030.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.
- Vedanta commissioned India’s first high-speed hydrostatic portable drilling rig to accelerate gold and critical-mineral exploration.
- Rig targets drilling depths up to 1,000 meters, versus a typical 300-400 meters, improving access in difficult terrain.
- Deployment begins at two exploration projects in Chhattisgarh focused on gold, nickel, chromium, platinum group elements.
- Company holds 10 critical-mineral blocks, positioning it to reduce import dependence as global demand is projected to triple by 2030.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.
- Vedanta invested more than USD 1 billion in net-zero transition initiatives over the past five years.
- Renewable energy use rose 52% year over year to 4 billion units in FY2025-26.
- Installed and contracted renewable capacity reached nearly 2,000 MW; target set at 2.5 GW of round-the-clock renewables by 2030.
- Decarbonisation actions avoided about 36 million tonnes of CO2e since FY2021; emissions intensity fell about 14% from the FY2020-21 baseline.
- Vedanta Oil & Gas secured OGMP 2.0 Gold Standard Pathway status for methane reporting, described as the first for an Indian upstream peer.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.
- Vedanta invested more than USD 1 billion in net-zero transition initiatives over the past five years.
- Renewable energy use rose 52% year over year to 4 billion units in FY2025-26.
- Installed and contracted renewable capacity reached nearly 2,000 MW; target set at 2.5 GW of round-the-clock renewables by 2030.
- Decarbonisation actions avoided about 36 million tonnes of CO2e since FY2021; emissions intensity fell about 14% from the FY2020-21 baseline.
- Vedanta Oil & Gas secured OGMP 2.0 Gold Standard Pathway status for methane reporting, described as the first for an Indian upstream peer.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on August 20, 2026, and is solely responsible for the information contained therein.
Aug 14 (Reuters) - Vedanta Ltd VDAN.NS:
DECLARED AS SUCCESSFUL BIDDER FOR PUNNAM MANGANESE BLOCK IN ANDHRA PRADESH
DECLARATION AS SUCCESSFUL BIDDER OF PUNNAM MANGANESE BLOCK IN ANDHRA PRADESH
Source text:
Further company coverage: VDAN.NS
(([email protected];))
Aug 14 (Reuters) - Vedanta Ltd VDAN.NS:
DECLARED AS SUCCESSFUL BIDDER FOR PUNNAM MANGANESE BLOCK IN ANDHRA PRADESH
DECLARATION AS SUCCESSFUL BIDDER OF PUNNAM MANGANESE BLOCK IN ANDHRA PRADESH
Source text:
Further company coverage: VDAN.NS
(([email protected];))
India Ratings withdrew the ratings on Vedanta Ltd’s non-convertible debentures after the instruments were transferred to Vedanta Aluminium Metal Ltd as part of the group’s demerger. The debentures had previously carried IND AA-/Rating Watch with Developing Implications in Vedanta’s portfolio, while VAML’s debt was rated IND AA+/Stable. The demerger took effect on 1 May 2026, and four of the resulting entities were listed on the NSE and BSE on 15 June. Vedanta’s continuing operations reported Q1 FY27 revenue of ₹23,456 crore, cash of ₹19,992 crore and net debt of 0.3 times EBITDA.
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India Ratings withdrew the ratings on Vedanta Ltd’s non-convertible debentures after the instruments were transferred to Vedanta Aluminium Metal Ltd as part of the group’s demerger. The debentures had previously carried IND AA-/Rating Watch with Developing Implications in Vedanta’s portfolio, while VAML’s debt was rated IND AA+/Stable. The demerger took effect on 1 May 2026, and four of the resulting entities were listed on the NSE and BSE on 15 June. Vedanta’s continuing operations reported Q1 FY27 revenue of ₹23,456 crore, cash of ₹19,992 crore and net debt of 0.3 times EBITDA.
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Aug 5 (Reuters) -
A UNIT OF INDIA’S VEDANTA GROUP IS RAISING ABOUT 135 BILLION RUPEES ($1.4 BILLION) FROM AT LEAST THREE BANKS - BLOOMBERG NEWS
Source text: [ID: https://tinyurl.com/2dk7ycsq]
Further company coverage: VDAN.NS
(([email protected];))
Aug 5 (Reuters) -
A UNIT OF INDIA’S VEDANTA GROUP IS RAISING ABOUT 135 BILLION RUPEES ($1.4 BILLION) FROM AT LEAST THREE BANKS - BLOOMBERG NEWS
Source text: [ID: https://tinyurl.com/2dk7ycsq]
Further company coverage: VDAN.NS
(([email protected];))
- Vedanta posted Q1 FY27 profit from continuing operations of INR 5,294 crore, more than doubled from a year earlier; revenue climbed 51% to INR 23,456 crore.
- EBITDA rose 98% year-on-year to INR 8,469 crore; EBITDA margin widened 10 percentage points to 57% (excluding the copper business).
- Net debt fell by INR 2,223 crore quarter-on-quarter to INR 8,299 crore; net debt-to-EBITDA stood at 0.3x.
- Cash and cash equivalents totaled INR 19,992 crore; CRISIL and ICRA upgraded credit ratings to AA+/Stable.
- Zinc India logged record first-quarter mined metal output of 268 kt; FACOR ore production rose 41% to 153 kt, while copper recorded its highest first-quarter sales in eight years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.
- Vedanta posted Q1 FY27 profit from continuing operations of INR 5,294 crore, more than doubled from a year earlier; revenue climbed 51% to INR 23,456 crore.
- EBITDA rose 98% year-on-year to INR 8,469 crore; EBITDA margin widened 10 percentage points to 57% (excluding the copper business).
- Net debt fell by INR 2,223 crore quarter-on-quarter to INR 8,299 crore; net debt-to-EBITDA stood at 0.3x.
- Cash and cash equivalents totaled INR 19,992 crore; CRISIL and ICRA upgraded credit ratings to AA+/Stable.
- Zinc India logged record first-quarter mined metal output of 268 kt; FACOR ore production rose 41% to 153 kt, while copper recorded its highest first-quarter sales in eight years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.
Corrects day to 'Thursday' from 'Friday' in first paragraph
July 30 (Reuters) - India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, reported a more than three-fold jump in first-quarter profit on Thursday, boosted by higher aluminium prices.
Here are details from the company's earnings report:
The company's consolidated net profit climbed to 56.29 billion rupees ($588.62 million) for the quarter ended June 30, its first as an independent company, from 17.81 billion rupees a year ago.
Aluminium prices remained elevated in the April-June period due to Middle East supply disruptions, Chinese output constraints, and strong demand -- which boosted Vedanta Aluminium's topline.
Spot aluminium prices rose 46% year-on-year in the June quarter, according to data from a Jefferies note.
The company's aluminium production increased 5% on-year to 632 kilo tons.
Spot prices of alumina, or aluminium oxide, which is used in the production of aluminium and also as a catalyst in petrochemical refining and is one of the company's products, dropped about 6%.
A 41% increase in production limited the impact of lower alumina prices on the company's earnings.
Vedanta Aluminium's net profit margin more than doubled to 31% from 15%.
Total revenue from operations jumped 46% to 213.93 billion rupees.
The firm's expenses rose 7.5% to 128.70 billion rupees, despite a near 5% drop in cost of materials consumed.
($1 = 95.6300 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 8697274436;))
Corrects day to 'Thursday' from 'Friday' in first paragraph
July 30 (Reuters) - India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, reported a more than three-fold jump in first-quarter profit on Thursday, boosted by higher aluminium prices.
Here are details from the company's earnings report:
The company's consolidated net profit climbed to 56.29 billion rupees ($588.62 million) for the quarter ended June 30, its first as an independent company, from 17.81 billion rupees a year ago.
Aluminium prices remained elevated in the April-June period due to Middle East supply disruptions, Chinese output constraints, and strong demand -- which boosted Vedanta Aluminium's topline.
Spot aluminium prices rose 46% year-on-year in the June quarter, according to data from a Jefferies note.
The company's aluminium production increased 5% on-year to 632 kilo tons.
Spot prices of alumina, or aluminium oxide, which is used in the production of aluminium and also as a catalyst in petrochemical refining and is one of the company's products, dropped about 6%.
A 41% increase in production limited the impact of lower alumina prices on the company's earnings.
Vedanta Aluminium's net profit margin more than doubled to 31% from 15%.
Total revenue from operations jumped 46% to 213.93 billion rupees.
The firm's expenses rose 7.5% to 128.70 billion rupees, despite a near 5% drop in cost of materials consumed.
($1 = 95.6300 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Ronojoy Mazumdar)
(([email protected]; +91 8697274436;))
- Vedanta generated and used about 4 billion units of clean energy in FY2025-26, lifting cumulative avoided emissions since FY2020-21 to 36 million tonnes.
- Renewable energy consumption rose about 450% versus FY2020-21; emissions intensity across metals and mining operations fell about 14%.
- Net-zero target set for 2050 or earlier, supported by efficiency, cleaner fuels, renewables adoption, nature-based sequestration.
- Recycled and reused more than 85 million cubic meters of water; water recycling rate reached about 40%.
- Planted over 4 million trees since 2021; biodiversity plans rolled out across sites under a no-net-loss, net-positive-impact roadmap.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.
- Vedanta generated and used about 4 billion units of clean energy in FY2025-26, lifting cumulative avoided emissions since FY2020-21 to 36 million tonnes.
- Renewable energy consumption rose about 450% versus FY2020-21; emissions intensity across metals and mining operations fell about 14%.
- Net-zero target set for 2050 or earlier, supported by efficiency, cleaner fuels, renewables adoption, nature-based sequestration.
- Recycled and reused more than 85 million cubic meters of water; water recycling rate reached about 40%.
- Planted over 4 million trees since 2021; biodiversity plans rolled out across sites under a no-net-loss, net-positive-impact roadmap.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.
July 24 (Reuters) - India's Hindustan Zinc HZNC.NS named Amarendu Prakash as CEO-designate on Friday, while reporting that its first-quarter profit more than doubled as base and precious metal prices surged.
Prakash, former chairman and managing director at the country's top state-run steelmaker SAIL SAIL.NS, will take charge on August 1, replacing Arun Misra whose tenure ends on July 31.
Here are the details from the earnings report:
The Vedanta VDAN.NS Group company's consolidated net profit rose to 54.69 billion rupees ($566.7 million) for the three months ended June 30, from 22.34 billion rupees a year ago.
Net profit margin climbed to 40% from 29%.
Spot zinc prices climbed 31%, while spot silver more than doubled, according to data from a Jefferies note.
Silver prices rose on increased demand due to the ongoing war in Iran, and zinc prices firmed amid supply concerns.
Hindustan Zinc's mined metal production rose 1% on-year to 268 kilotons in the quarter, while refined metal production climbed 4% to 260 kilotons.
The firm, which commands roughly three-fourths of India's zinc market, reported a 77% rise in total revenue from operations to 137.47 billion rupees.
The company's total expenses rose 33.2% to 67.49 billion rupees.
($1 = 96.5000 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 8697274436;))
July 24 (Reuters) - India's Hindustan Zinc HZNC.NS named Amarendu Prakash as CEO-designate on Friday, while reporting that its first-quarter profit more than doubled as base and precious metal prices surged.
Prakash, former chairman and managing director at the country's top state-run steelmaker SAIL SAIL.NS, will take charge on August 1, replacing Arun Misra whose tenure ends on July 31.
Here are the details from the earnings report:
The Vedanta VDAN.NS Group company's consolidated net profit rose to 54.69 billion rupees ($566.7 million) for the three months ended June 30, from 22.34 billion rupees a year ago.
Net profit margin climbed to 40% from 29%.
Spot zinc prices climbed 31%, while spot silver more than doubled, according to data from a Jefferies note.
Silver prices rose on increased demand due to the ongoing war in Iran, and zinc prices firmed amid supply concerns.
Hindustan Zinc's mined metal production rose 1% on-year to 268 kilotons in the quarter, while refined metal production climbed 4% to 260 kilotons.
The firm, which commands roughly three-fourths of India's zinc market, reported a 77% rise in total revenue from operations to 137.47 billion rupees.
The company's total expenses rose 33.2% to 67.49 billion rupees.
($1 = 96.5000 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Harikrishnan Nair)
(([email protected]; +91 8697274436;))
NEW DELHI, July 20 (Reuters) - India's coal-fired power plants have sufficient coal stocks to run for about two weeks at higher operating rates, easing concerns about fuel shortages amid rising electricity demand and below-average monsoon rainfall.
• Coal stocks at power plants stood at 42.8 million tonnes as of July 12, enough for 14 days of operation at an 85% plant load factor, the power ministry said in a reply to parliament on Monday.
• Utilities are also getting sufficient coal supplies to meet their daily requirements, it added.
• India's peak power demand surged last week to nearly 270.1 gigawatts (GW), driven by higher cooling demand as an El Nino pattern contributed to weaker rainfall.
• India's peak power demand had reached 270.2 GW in May, and the government expects it to touch 280 GW this year due to the absence of stronger monsoon rains.
• Coal remains the backbone of India's power system despite the country's aggressive renewable energy expansion.
• Coal and lignite-fired plants accounted for 69.5% of electricity supplied during April-June and generated about 75% of power during non-solar peak-demand hours, according to the ministry.
• The government has intensified coordination among the coal, power and railway ministries to monitor supplies and prioritize coal transportation to power stations, the power ministry said.
• India added 9.47 GW of coal-fired generation capacity in 2025-26 and a further 2.26 GW between April and July, helping support record electricity demand, the government said.
(Reporting by Sethuraman NR; Editing by Susan Fenton)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
NEW DELHI, July 20 (Reuters) - India's coal-fired power plants have sufficient coal stocks to run for about two weeks at higher operating rates, easing concerns about fuel shortages amid rising electricity demand and below-average monsoon rainfall.
• Coal stocks at power plants stood at 42.8 million tonnes as of July 12, enough for 14 days of operation at an 85% plant load factor, the power ministry said in a reply to parliament on Monday.
• Utilities are also getting sufficient coal supplies to meet their daily requirements, it added.
• India's peak power demand surged last week to nearly 270.1 gigawatts (GW), driven by higher cooling demand as an El Nino pattern contributed to weaker rainfall.
• India's peak power demand had reached 270.2 GW in May, and the government expects it to touch 280 GW this year due to the absence of stronger monsoon rains.
• Coal remains the backbone of India's power system despite the country's aggressive renewable energy expansion.
• Coal and lignite-fired plants accounted for 69.5% of electricity supplied during April-June and generated about 75% of power during non-solar peak-demand hours, according to the ministry.
• The government has intensified coordination among the coal, power and railway ministries to monitor supplies and prioritize coal transportation to power stations, the power ministry said.
• India added 9.47 GW of coal-fired generation capacity in 2025-26 and a further 2.26 GW between April and July, helping support record electricity demand, the government said.
(Reporting by Sethuraman NR; Editing by Susan Fenton)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
- CRISIL upgraded Vedanta to AA+/Stable on July 16, 2026, removing it from Rating Watch with Developing Implications.
- The action reflects demerger execution, sharp deleveraging, record profitability across the portfolio.
- Net leverage improved to 0.7x as of March 31, 2026; expected to stay below 1x over the medium term.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on July 17, 2026, and is solely responsible for the information contained therein.
- CRISIL upgraded Vedanta to AA+/Stable on July 16, 2026, removing it from Rating Watch with Developing Implications.
- The action reflects demerger execution, sharp deleveraging, record profitability across the portfolio.
- Net leverage improved to 0.7x as of March 31, 2026; expected to stay below 1x over the medium term.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vedanta Limited published the original content used to generate this news brief on July 17, 2026, and is solely responsible for the information contained therein.
Vedanta Ltd disclosed on Tuesday that the promoter group has created an encumbrance over 2.14 billion shares, representing a 54.72% stake in the company, in connection with a $1.75 billion bond issuance by Vedanta Resources Finance II Plc. The encumbrance, arising from trust deeds signed on 13 July 2026, restricts the promoter entities from selling or pledging the shares beyond specified conditions and requires the Vedanta Resources group to retain control of the company or directly or indirectly own at least 50.1% of Vedanta Ltd. The filing clarifies that no traditional pledge has been created over the shares, but the contractual restrictions are likely to fall within the definition of encumbrance under SEBI's takeover regulations.
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Vedanta Ltd disclosed on Tuesday that the promoter group has created an encumbrance over 2.14 billion shares, representing a 54.72% stake in the company, in connection with a $1.75 billion bond issuance by Vedanta Resources Finance II Plc. The encumbrance, arising from trust deeds signed on 13 July 2026, restricts the promoter entities from selling or pledging the shares beyond specified conditions and requires the Vedanta Resources group to retain control of the company or directly or indirectly own at least 50.1% of Vedanta Ltd. The filing clarifies that no traditional pledge has been created over the shares, but the contractual restrictions are likely to fall within the definition of encumbrance under SEBI's takeover regulations.
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July 14 (Reuters) - Vedanta Ltd VDAN.NS:
INDIA'S VEDANTA EXEC: IN CURRENT FY, OUR TARGET IS TO INCREASE EBITDA TO 800 BILLION RUPEES FROM 560 BILLION RUPEES LAST YEAR - AGM
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];;))
July 14 (Reuters) - Vedanta Ltd VDAN.NS:
INDIA'S VEDANTA EXEC: IN CURRENT FY, OUR TARGET IS TO INCREASE EBITDA TO 800 BILLION RUPEES FROM 560 BILLION RUPEES LAST YEAR - AGM
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];;))
** Motilal Oswal initiates coverage on India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, with a "buy" rating and PT at 540 rupees, ~20% higher than current price
** Brokerage says VEDO's consolidated revenue and PAT to grow at ~11% and 23% CAGR over FY26-28
** Growth to be driven by volume expansion, structural cost reductions, increased contribution from value-added products - Motilal Oswal
** Brokerage expects VEDO to benefit from favourable industry dynamics and company-specific structural drivers
** VEDO up 1% to 448.2 rupees
** Stock down ~14% since listing on June 15
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Motilal Oswal initiates coverage on India's Vedanta Aluminium Metal VEDO.NS, the pure-play aluminium company formed after Vedanta's VDAN.NS demerger, with a "buy" rating and PT at 540 rupees, ~20% higher than current price
** Brokerage says VEDO's consolidated revenue and PAT to grow at ~11% and 23% CAGR over FY26-28
** Growth to be driven by volume expansion, structural cost reductions, increased contribution from value-added products - Motilal Oswal
** Brokerage expects VEDO to benefit from favourable industry dynamics and company-specific structural drivers
** VEDO up 1% to 448.2 rupees
** Stock down ~14% since listing on June 15
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
June 23 (Reuters) - Vedanta Ltd VDAN.NS:
TWIN STAR HOLDINGS SELLS 65.1 MILLION SHARES IN VEDANTA AT 291.36 RUPEES/SHARE VIA BULK DEAL - NSE DATA
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];;))
June 23 (Reuters) - Vedanta Ltd VDAN.NS:
TWIN STAR HOLDINGS SELLS 65.1 MILLION SHARES IN VEDANTA AT 291.36 RUPEES/SHARE VIA BULK DEAL - NSE DATA
Source text: [ID:]
Further company coverage: VDAN.NS
(([email protected];;))
June 19 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA- ON TRACK TO REACH 90% OF TOTAL ALUMINIUM CAPACITY BY FY 2026-27
VEDANTA- AT OIL AND GAS BUSINESS, WE HAVE A CAPEX OUTLAY OF 350 MILLION RUPEES FOR FY 2026-27
Source text: ID:nBSE7lqts1
Further company coverage: VDAN.NS
(([email protected];))
June 19 (Reuters) - Vedanta Ltd VDAN.NS:
VEDANTA- ON TRACK TO REACH 90% OF TOTAL ALUMINIUM CAPACITY BY FY 2026-27
VEDANTA- AT OIL AND GAS BUSINESS, WE HAVE A CAPEX OUTLAY OF 350 MILLION RUPEES FOR FY 2026-27
Source text: ID:nBSE7lqts1
Further company coverage: VDAN.NS
(([email protected];))
** Vedanta Aluminium Metal VEDO.NS stock falls 5% below listing price to 495.90 rupees in trading debut
** Listed at 522 rupees, 331.3% higher than issue price of 121.03 rupees
** Vedanta Oil and Gas VEDL.NS also drops 5% below opening price on debut
** Vedanta Power TALA.NS and Vedanta Iron and Steel VEDR.NS rise 3.3% and 5.3% post-listing on NSE
** Parent Vedanta VDAN.NS, which now houses the base metals business, slips 1%
** All four firms listed Monday following demerger scheme that split VDAN's aluminium, power, iron & steel, and oil & gas units
(Reporting by Vijay Malkar)
(([email protected];))
** Vedanta Aluminium Metal VEDO.NS stock falls 5% below listing price to 495.90 rupees in trading debut
** Listed at 522 rupees, 331.3% higher than issue price of 121.03 rupees
** Vedanta Oil and Gas VEDL.NS also drops 5% below opening price on debut
** Vedanta Power TALA.NS and Vedanta Iron and Steel VEDR.NS rise 3.3% and 5.3% post-listing on NSE
** Parent Vedanta VDAN.NS, which now houses the base metals business, slips 1%
** All four firms listed Monday following demerger scheme that split VDAN's aluminium, power, iron & steel, and oil & gas units
(Reporting by Vijay Malkar)
(([email protected];))
Andhra Pradesh state plans three titanium, rare earths clusters
State aims for 500 billion rupees investments in 10 years
New Delhi identifies four states for rare earth 'corridors'
By Neha Arora and Sarita Chaganti Singh
NEW DELHI, June 10 (Reuters) - Indian industrial groups Reliance, Vedanta and Adani have shown interest in developing facilities to process Andhra Pradesh state's significant reserves of increasingly important rare-earth minerals, according to two sources with knowledge of the matter.
With New Delhi seeking to cut India's dependence on China for rare earths, the three companies are among about 10 who have expressed interest in setting up rare earth facilities in the southern state, one of the sources said.
The sources declined to be identified as they were not authorised to speak to the media.
Andhra Pradesh holds 211 million metric tons of beach sand mineral resources, including rare earths, across 16 identified coastal deposits, according to a draft document. India has 482.6 million tons of rare earth ore resources, according to the Geological Survey of India.
RARE EARTH AMBITIONS
The interest comes as New Delhi steps up efforts to build domestic rare earth mining, processing and magnet manufacturing capacity, while Andhra Pradesh aims to attract 500 billion rupees ($5.2 billion) in rare earth and titanium investments over the next decade.
The plans were set out in a draft government document.
The Andhra Pradesh government, Reliance Industries Ltd RELI.NS, Vedanta Ltd VDAN.NS and Adani Enterprises Ltd ADEL.NS did not respond to Reuters emails seeking comment.
Andhra Pradesh was among four states identified in February's federal budget for the development of rare earth "corridors" covering mining, processing and magnet production.
The initiative followed New Delhi's approval in November of a 73 billion rupee programme to support rare earth magnet manufacturing.
Rare earth elements are essential for permanent magnets used in applications such as electric vehicle motors. While India holds substantial rare earth reserves, it lacks industrial-scale facilities capable of processing the minerals to high purity levels.
CAPITAL INCENTIVES AND OTHER MEASURES
Andhra Pradesh plans to issue tenders for rare earth facilities after securing cabinet approval for its rare earth corridor policy, which is expected within a month, the sources said.
The state also plans to offer capital-linked incentives and additional benefits for projects with investments of 10 billion rupees or more, the sources said.
Andhra Pradesh has been courting large-scale investments, attracting companies including Google and ArcelorMittal Nippon Steel, and aims to secure $1 trillion in investment commitments by 2029, a state minister told Reuters last November.
(Reporting by Neha Arora and Sarita Chaganti Singh; Editing by Mayank Bhardwaj and David Holmes)
(([email protected]; X: neha_5;))
Andhra Pradesh state plans three titanium, rare earths clusters
State aims for 500 billion rupees investments in 10 years
New Delhi identifies four states for rare earth 'corridors'
By Neha Arora and Sarita Chaganti Singh
NEW DELHI, June 10 (Reuters) - Indian industrial groups Reliance, Vedanta and Adani have shown interest in developing facilities to process Andhra Pradesh state's significant reserves of increasingly important rare-earth minerals, according to two sources with knowledge of the matter.
With New Delhi seeking to cut India's dependence on China for rare earths, the three companies are among about 10 who have expressed interest in setting up rare earth facilities in the southern state, one of the sources said.
The sources declined to be identified as they were not authorised to speak to the media.
Andhra Pradesh holds 211 million metric tons of beach sand mineral resources, including rare earths, across 16 identified coastal deposits, according to a draft document. India has 482.6 million tons of rare earth ore resources, according to the Geological Survey of India.
RARE EARTH AMBITIONS
The interest comes as New Delhi steps up efforts to build domestic rare earth mining, processing and magnet manufacturing capacity, while Andhra Pradesh aims to attract 500 billion rupees ($5.2 billion) in rare earth and titanium investments over the next decade.
The plans were set out in a draft government document.
The Andhra Pradesh government, Reliance Industries Ltd RELI.NS, Vedanta Ltd VDAN.NS and Adani Enterprises Ltd ADEL.NS did not respond to Reuters emails seeking comment.
Andhra Pradesh was among four states identified in February's federal budget for the development of rare earth "corridors" covering mining, processing and magnet production.
The initiative followed New Delhi's approval in November of a 73 billion rupee programme to support rare earth magnet manufacturing.
Rare earth elements are essential for permanent magnets used in applications such as electric vehicle motors. While India holds substantial rare earth reserves, it lacks industrial-scale facilities capable of processing the minerals to high purity levels.
CAPITAL INCENTIVES AND OTHER MEASURES
Andhra Pradesh plans to issue tenders for rare earth facilities after securing cabinet approval for its rare earth corridor policy, which is expected within a month, the sources said.
The state also plans to offer capital-linked incentives and additional benefits for projects with investments of 10 billion rupees or more, the sources said.
Andhra Pradesh has been courting large-scale investments, attracting companies including Google and ArcelorMittal Nippon Steel, and aims to secure $1 trillion in investment commitments by 2029, a state minister told Reuters last November.
(Reporting by Neha Arora and Sarita Chaganti Singh; Editing by Mayank Bhardwaj and David Holmes)
(([email protected]; X: neha_5;))
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What does Vedanta do?
Vedanta Ltd is one of the world’s foremost natural resources conglomerates, with primary operations in zinc-lead-silver, iron ore, steel, copper, aluminium, power, nickel, and oil and gas. The company’s strategic capabilities and alliances are singularly focused on creating and preserving value for its wide stakeholder groups and its clientele. It has a portfolio of world-class, low-cost, scalable assets that consistently generate strong profitability and have robust cash flows. The company holds industry-leading market shares across its core divisions. It is a uniquely diversified company and a global leader in critical minerals, energy transition metals, power, and technology, playing a pivotal role in the global supply of essential materials for the energy transition.
Who are the competitors of Vedanta?
Vedanta major competitors are Lloyds Metals&Energy, NMDC, Hindustan Copper, KIOCL, GMDC, Gravita India, Sandur Manganese. Market Cap of Vedanta is ₹1,00,086 Crs. While the median market cap of its peers are ₹19,767 Crs.
Is Vedanta financially stable compared to its competitors?
Vedanta seems to be less financially stable compared to its competitors. Altman Z score of Vedanta is 1.42 and is ranked 8 out of its 8 competitors.
Does Vedanta pay decent dividends?
The company seems to pay a good stable dividend. Vedanta latest dividend payout ratio is 76.44% and 3yr average dividend payout ratio is 149.6%
How has Vedanta allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Vedanta balance sheet?
Vedanta balance sheet is weak and might have solvency issues
Is the profitablity of Vedanta improving?
Yes, profit is increasing. The profit of Vedanta is ₹28,557 Crs for TTM, ₹17,391 Crs for Mar 2026 and ₹14,988 Crs for Mar 2025.
Is the debt of Vedanta increasing or decreasing?
The net debt of Vedanta is decreasing. Latest net debt of Vedanta is ₹24,620 Crs as of Mar-26. This is less than Mar-25 when it was ₹76,208 Crs.
Is Vedanta stock expensive?
Vedanta is not expensive. Latest PE of Vedanta is 5.01, while 3 year average PE is 14.7. Also latest EV/EBITDA of Vedanta is 3.7 while 3yr average is 5.31.
Has the share price of Vedanta grown faster than its competition?
Vedanta has given lower returns compared to its competitors. Vedanta has grown at ~-2.09% over the last 9yrs while peers have grown at a median rate of 26.47%
Is the promoter bullish about Vedanta?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Vedanta is 54.72% and last quarter promoter holding is 56.38%. Please check if dilutions happened via QIP/ Offerings etc.
Are mutual funds buying/selling Vedanta?
The mutual fund holding of Vedanta is decreasing. The current mutual fund holding in Vedanta is 4.6% while previous quarter holding is 6.9%.