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Informist, Wednesday, Apr. 29, 2026

--Vedanta: Margin for copper business to be 5% in FY27 from 1% in FY26 

--CONTEXT: Vedanta mgmt's comments in post-earnings call with analysts 

--Vedanta: Plan to finish exploration of 3 out of 7 mines by FY28 

--Vedanta: Will be able to add 3 more metals by FY30 after mine exploration 

--Vedanta: Can't offer timeline to restart Chhattisgarh plant ops 

--CONTEXT: Accident reported at Vedanta power plant in Chhattisgarh Apr 13 

By Astha Oriel and Avishek Rakshit

NEW DELHI/KOLKATA – Vedanta Ltd. expects the margin of its copper business to rise to 5% in the current financial year ending March from 1% in FY26, the company's top management told analysts at a post-earnings call for the March quarter Wednesday. "There are various activities looking at the pricing environment. We do foresee the margin on the copper business going from roughly 1% right now, going to at least 5% in FY27," the management said. 

For its zinc international business, the company plans to commission phase 2 of its Gamsberg plant in South Africa by next year and complete the plant's ramp-up in 12 to 18 months. "On Hindustan Zinc International, the current project, the Gamsberg project is 94% complete," the management said. The company is looking to add 450,000 tonnes of capacity. 

The company said that, of the seven critical mineral blocks with Vedanta, it plans to complete exploration of three by 2028. "Normally, we do mine planning one year ahead of finishing exploration, somewhere in 2027. That means if we add 36 months of putting up projects of mining and smelting, we should look at somewhere around 2030, adding three more metals to the bottom line of Vedanta."

On fire at its power plant in Chhattisgarh on Apr. 13, the company said it cannot provide a timeline for restarting operations. 

The company has fixed the record date for demerger of Vedanta into five entities – Vedanta, Vedanta Aluminium Metal Ltd., Talwandi Sabo Power Ltd., Malco Energy Ltd., and Vedanta Iron and Steel Ltd. – as May. 1. Vedanta's consolidated net profit for the March quarter increased more than 92% on year and over 17% on quarter to INR 66.98 billion. The company's consolidated revenue was INR 246.09 billion, up over 47% on-year and more than 15% on-quarter. Wednesday, its shares closed 4.6% higher at INR 773.60 on the National Stock Exchange.  End

Edited by Saji George Titus

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