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Vedantas
newly listed companies make strong opening at exchanges
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In
a historic first, the largest number of simultaneous stock exchange listings spanning
aluminium, oil & gas, power, and iron & steel.
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Four
newly demerged businesses, Vedanta Aluminium, Vedanta Oil & Gas, Vedanta
Iron & Steel and Vedanta Power, begin trading today alongside Vedanta
Limited, the Group’s listed entity.
Mumbai: Vedanta Group today marked a defining milestone in Indian corporate
history with the listing of four newly demerged companies on the BSE (Bombay
Stock Exchange) and NSE (National Stock Exchange). The landmark listing creates
a portfolio of focused, world-class businesses spanning strategic metals, critical
minerals, aluminium, oil & gas, power, and iron & steel sectors. These
businesses sit at the centre of India’s long-term industrial, infrastructure
and self - reliance ambitions.
The listing of Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and
Vedanta Power, represents the culmination of a future-ready
transformation designed to unlock value, sharpen business focus and create
sector leaders aligned with India’s emergence as a global economic and manufacturing
powerhouse. These newly listed entities begin trading today alongside Vedanta
Limited, the Group’s flagship listed entity anchored by Hindustan Zinc and a
globally significant portfolio of critical minerals businesses.
Speaking
at the listing ceremony, Mr. 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.
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.
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.”
A new
chapter for India’s industrial future
The
listing comes at a time when India is rapidly emerging as one of the world’s
fastest - growing major economies. Demand for the essential materials that
power modern economies, including oil & gas, gold, silver, zinc, aluminium,
iron and steel, copper and coal, is expected to grow sharply as India
accelerates its journey towards becoming a developed economy.
Against this backdrop,
Vedanta’s businesses are positioned at the centre of one of the largest
industrial growth opportunities of our time. Together, they will support
India’s aspirations across energy security, infrastructure creation, high-tech
manufacturing, digitalisation, AI-led growth, electric mobility, green
technologies, energy transition and long-term national development.
Vedanta Aluminium (BSE: 544780
& NSE: VAML) - Building a global aluminium champion
Vedanta Aluminium begins its
independent journey as India’s largest aluminium producer and the third-largest
globally outside China. It is anchored by the world’s largest aluminium smelter
at Jharsuguda, Odisha. What began with just 1 lakh tonnes of production at
BALCO has grown into a 30 lakh tonnes per annum business, making Vedanta one of
the world’s largest and lowest - cost aluminium producers. The company plans to
double capacity to 60 lakh tonnes per annum over the next three years, with a
clear ambition to become the world’s largest and lowest-cost, fully integrated
aluminium producer. Beyond primary metal production, Vedanta Aluminium aims
to foster the growth of thousands of
downstream industries and manufacturing enterprises, supporting India’s broader
industrialisation agenda.
Vedanta Oil & Gas (BSE: 382914
& NSE: VOGL) - Fueling India’s energy security
Vedanta
Oil & Gas enters the market as India’s largest private - sector oil and gas
producer and one of the country’s most strategically important energy businesses.
With India expected to witness some of the strongest growth in hydrocarbon
demand globally over the coming decade, the company is uniquely positioned to
support the nation’s energy security ambitions and reduce import dependence. Entering its
next phase of growth with a debt-free balance
sheet, the company combines financial strength with significant operational
scale and resource potential. Vedanta plans to invest approximately US$5
billion over the next three to five years to scale production to 500,000
barrels per day at globally competitive costs. Its growth portfolio spans tight
oil, shale gas, shallow-water and deep-water assets, satellite fields as well
as significant acreage in Assam and the North-East - the region where Asia’s
first oil well was drilled. With a diversified resource base, access to the
advanced global technologies and substantial growth opportunities, the company
is poised to play a critical role in meeting India’s future energy needs.
Vedanta Iron & Steel (BSE:
544784 & NSE: VISL) - Building the backbone of India’s infrastructure
growth
Vedanta
Iron & Steel represents a strategically important, resource-secure and debt-free
business aligned with India’s infrastructure and manufacturing ambitions.
Currently producing around 4 million tonnes of steel annually, the company has
a clear roadmap to scale capacity to 15 million tonnes per annum. It enjoys a
unique competitive advantage through security of three critical inputs: nearly
4 billion tonnes of iron ore resources in Goa, Odisha and Karnataka and approximately
800 kilo tonne per annum (KTPA) of metallurgical coke, and access to gas
pipeline infrastructure available at its doorstep. These integrated advantages
position the company strongly to participate in India’s rapidly growing steel
demand. The business will focus on high - value segments including green steel,
electrical steel and specialty steel, supporting both industrial growth and the
country’s ambitious infrastructure objectives.
Vedanta Power (BSE: 544781
& NSE: VEDPOWER) - Powering India’s next industrial revolution
Vedanta
Power is being ramped up to provide stable baseload for the world’s fastest - growing
major economy - India. As
India’s power demand is expected to nearly double from around 240 GW today to
more than 460 GW over the next decade, the company sees a significant
opportunity to support the country’s growth ambitions. Already India’s fifth-largest
thermal power producer with 4.2 GW of operational capacity supported by long-term
power purchase agreements and secure coal mines, Vedanta Power has a clear roadmap
to scale to 20 GW and become one of the country’s leading power producers. Most
of this growth will come through brownfield expansion, leveraging existing
infrastructure and operational advantages. The company believes coal will
continue to play an important role in India’s energy mix for decades to come,
coexisting alongside renewable and clean energy sources. In parallel, Vedanta
Power is evaluating opportunities in nuclear energy, recognising its potential
as a clean, reliable 24x7 power source and a key enabler of India’s energy
transition.
Vedanta Limited: India’s
critical minerals champion
Alongside
these newly listed companies, Vedanta Limited continues as the Group’s flagship
listed entity and one of India’s most significant natural resources and
critical minerals businesses. Anchored by the iconic Hindustan Zinc - the
world’s largest integrated zinc producer and third - largest silver producer - Vedanta
Limited houses a globally significant portfolio spanning zinc, silver, copper,
nickel, ferro alloys and other strategic minerals that are increasingly
critical to the future global economy.
Through
Hindustan Zinc, the company is also developing a 1.5 million tonne fertiliser
plant to support India’s agricultural ambitions. Vedanta Limited is India’s
only producer of nickel, a critical mineral, with plans to scale production to
60,000 tonnes per year to support the country’s growing requirements for energy
transition technologies and advanced manufacturing. Its copper operations
contribute significantly to domestic supply, while FACOR is positioned to
become India’s largest producer of special-grade ferro chrome and will soon
become the country’s only private-sector producer in certain manganese
segments. Together, these businesses position Vedanta Limited at the centre of
India’s long-term critical minerals strategy, industrial self - reliance agenda
and future manufacturing growth.