From metals and mining to energy and infrastructure, Vedanta’s newly listed companies signal a bold strategic reset aimed at powering India’s industrial transformation and the vision of Viksit Bharat. – NE photo
- Historic BSE and NSE listings position Vedanta Group at the heart of India’s next industrial revolution across aluminium, oil & gas, power and iron & steel.
- Strategic demerger unlocks focused growth engines designed to accelerate value creation and sectoral leadership.
- New entities aim to fuel India’s ambitions in infrastructure, energy security, advanced manufacturing and critical minerals.
- Chairman Anil Agarwal calls the milestone an emotional moment, describing the newly listed businesses as ‘saplings ready to become giants.’
- Move reinforces Vedanta’s long-term commitment to Viksit Bharat through self-reliance, resource security and shareholder wealth creation.
NE BUSINESS BUREAU
MUMBAI, JUNE 16
In one of the most significant milestones in India’s corporate history, Vedanta Group has successfully listed four independently demerged companies on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), creating the country’s largest simultaneous stock exchange debut spanning aluminium, oil & gas, power, and iron & steel.
The landmark move establishes a portfolio of specialised, world-class businesses positioned to capitalise on India’s accelerating infrastructure expansion, manufacturing resurgence and self-reliance agenda while unlocking greater value for investors through sharper operational focus.
The newly listed entities—Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power—begin their independent market journey alongside Vedanta Limited, the Group’s flagship listed company anchored by Hindustan Zinc and an extensive portfolio of critical minerals.
The demerger represents a future-oriented transformation aimed at creating sector-specific champions capable of driving India’s growth story in strategic metals, energy and industrial raw materials.
“A Historic Day for Vedanta and for India”
Addressing the listing ceremony, Anil Agarwal, Chairman, Vedanta Group, said: “Today is a historic day for Vedanta, and a deeply emotional one for me. 24 years ago, Vedanta became the first Indian company to list on the London Stock Exchange and went on to become a FTSE100 company. The seed we sowed that day has grown into a vast banyan tree, and the saplings nurtured under it are now ready to become giants in key sectors and contribute significantly to India’s rapid growth. The next stage of unprecedented growth is now being unveiled here in Mumbai, the city where my own business journey began.”
Reflecting on the company’s investor-centric philosophy, he added: “Throughout our journey, we have been deeply committed to our shareholders. Over the last five years, we have delivered a total shareholder return of more than 300 per cent, nearly five times the return of the Nifty, while also providing a cumulative dividend yield of over 70 per cent. Tomorrow’s economy, with AI, advanced manufacturing and energy transition at the forefront, is going to be highly mineral, metals and energy intensive. Today, India imports 50 percent of its requirements. Tomorrow we must be self-sufficient. The companies we have listed today will play a significant role in bridging the huge demand-supply gap for these vital raw materials. These companies have been built to serve the nation for generations, create long-term value for shareholders, strengthen India’s self-reliance and support its ambition of Viksit Bharat.”
Calling for collective participation in the next phase of growth, Agarwal concluded: “But the next chapter of Vedanta’s growth cannot be written by us alone. It will require the trust of our shareholders, the support of the government, and the aspirations and partnership of 1.5 billion Indians. There is no place like India. And this is India’s time.”
Powering India’s Industrial Renaissance
The listings come at a time when India is emerging as one of the world’s fastest-growing major economies, with soaring demand expected for aluminium, steel, oil, gas, copper, zinc, coal and other strategic minerals essential for infrastructure, artificial intelligence, clean energy, electric mobility and advanced manufacturing.
Collectively, Vedanta’s newly listed businesses are positioned to play a pivotal role in strengthening India’s energy security, manufacturing competitiveness and long-term economic resilience.
Vedanta Aluminium: Building a Global Metals Champion
Starting its independent journey as India’s largest aluminium producer and the third-largest outside China, Vedanta Aluminium plans to double its production capacity from 3 million tonnes to 6 million tonnes annually over the next three years.
Anchored by the world’s largest aluminium smelter at Jharsuguda in Odisha, the company aims to become the world’s largest and lowest-cost fully integrated aluminium producer while catalysing the growth of downstream manufacturing industries.
Vedanta Oil & Gas: Driving Energy Self-Reliance
As India’s largest private-sector oil and gas producer, Vedanta Oil & Gas enters the market with a debt-free balance sheet and an ambitious investment roadmap of nearly US$5 billion over the next three to five years.
The company targets production of 500,000 barrels per day through a diversified portfolio encompassing tight oil, shale gas, shallow-water and deep-water assets, while playing a critical role in reducing India’s import dependence.
Vedanta Iron & Steel: Forging Infrastructure Growth
With current steel production of approximately 4 million tonnes annually and plans to scale up to 15 million tonnes, Vedanta Iron & Steel is backed by substantial iron ore reserves, metallurgical coke capacity and integrated logistics advantages.
Its strategic focus on green steel, electrical steel and specialty steel aligns with India’s expanding infrastructure and manufacturing ambitions.
Vedanta Power: Energising the Next Growth Cycle
Already India’s fifth-largest thermal power producer with 4.2 GW of operational capacity, Vedanta Power has charted a roadmap to expand to 20 GW through predominantly brownfield projects.
Alongside conventional generation, the company is also evaluating nuclear energy opportunities to complement renewable sources and support India’s evolving energy transition.
Vedanta Limited: Championing India’s Critical Minerals Future
Continuing as the Group’s flagship listed entity, Vedanta Limited remains a cornerstone of India’s critical minerals ecosystem through its globally significant businesses in zinc, silver, copper, nickel, ferro alloys and strategic metals.
The company is also developing a 1.5 million-tonne fertiliser plant through Hindustan Zinc while expanding nickel production to support India’s clean energy and advanced manufacturing ambitions, reinforcing its role in the nation’s long-term industrial self-reliance strategy.
