Vedanta Group completed the historic demerger of its business into four independent companies — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Meanwhile, Vedanta Limited continues to be the Group’s flagship listed entity and one of India’s most significant natural resources and critical minerals businesses, including zinc, silver, copper, nickel, ferro alloys and other strategic minerals. The demerger is designed to unlock value, sharpen business focus and create sector leaders aligned with India’s emergence as a global economic and manufacturing powerhouse.
“We are living in a time of great global transformation,” said Anil Agarwal, chairman, Vedanta Group. “Tomorrow’s economy, with AI, high-tech manufacturing and the energy transition at the forefront, is going to be highly mineral, metal, and energy intensive. These are precisely the sectors in which these five incredible businesses operate. As they continue to grow and thrive, they will help India to do the same. 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 becoming a developed nation.”
The demerger comes as India emerges as one of the world’s fastest-growing major economies. The domestic demand for the essential materials that power modern economies, including aluminum, iron and steel, copper, coal, and other materials is expected to grow sharply. Against this backdrop, Vedanta’s businesses will support India’s aspirations across energy security, infrastructure creation, advanced manufacturing, digitalization, AI-led growth, electric mobility, green technologies, energy transition, and long-term national development.
Vedanta Aluminium
Vedanta Aluminium is amongst the world’s leading aluminum producers, operating two aluminum smelters in India. The company’s Jharsuguda facility in Odisha is the largest single-location aluminum smelting facility outside of China, with a capacity of 1.8 million tonnes per year. This facility is accompanied by Bharat Aluminium Company Ltd. (BALCO) in Korba, Chhattisgarh, which is a 51% owned subsidiary of Vedanta Limited, bringing the total group capacity to 2.4 million tonnes per year. In addition, the company operates an alumina refinery in Lanjigarh, Odisha.
Now operating as an independent company, Vedanta Aluminium plans to double its capacity to 6 million tonnes per year, with a long-term ambition to become the world’s largest integrated aluminum producer.