Vedanta Creates Corporate History with Listing of Four Independent Companies on BSE and NSE
Korba, June 18: Vedanta Group on Wednesday marked a significant milestone in India’s corporate landscape with the successful listing of its four newly demerged companies on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The move is being seen as one of the largest value-unlocking exercises in the country’s natural resources and energy sector.
The newly listed entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power — commenced trading alongside Vedanta Limited, the Group’s flagship listed company. The restructuring is aimed at creating focused, sector-specific businesses with independent growth trajectories and enhanced shareholder value.
Addressing the listing ceremony, Vedanta Group Chairman Anil Agarwal described the occasion as a historic and emotional moment for the Group. Recalling Vedanta’s journey, he said the company became the first Indian corporate to be listed on the London Stock Exchange 24 years ago and subsequently entered the FTSE-100 index.
“This is the beginning of a new chapter. The businesses that have emerged from Vedanta are well-positioned to become leaders in their respective sectors and contribute significantly to India’s economic growth and self-reliance ambitions,” Agarwal said.
He noted that the Group has delivered a total shareholder return of over 300 per cent in the last five years, substantially outperforming benchmark market indices. He further emphasized that rising demand for minerals, metals and energy, driven by artificial intelligence, advanced manufacturing and the global energy transition, presents a significant opportunity for India.
Vedanta Aluminium, India’s largest aluminium producer and the world’s third-largest producer outside China, plans to double its production capacity to six million tonnes per annum over the next three years. Vedanta Oil & Gas, the country’s largest private-sector oil and gas producer, is targeting a production capacity of 500,000 barrels per day through planned investments of nearly USD 5 billion.
Vedanta Iron & Steel has outlined a roadmap to expand its steel-making capacity from around four million tonnes to 15 million tonnes annually, with a focus on green and specialty steel products. Vedanta Power, currently among India’s leading thermal power producers with an operational capacity of 4.2 GW, aims to scale up to 20 GW in the coming years.
Vedanta Limited will continue as the Group’s flagship company, anchored by its critical minerals and natural resources portfolio, including Hindustan Zinc, one of the world’s largest integrated zinc producers and a major silver producer.
