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Informist, Monday, Jun. 15, 2026

 

NEW DELHI – The five demerged entities have the potential to become $100-billion companies, Vedanta Ltd. Chairman Anil Agarwal said during the listing of four of the demerged companies Monday. On Moday, Vedanta Aluminium Metal Ltd., Vedanta Power Ltd., Vedanta Oil and Gas Ltd., and Vedanta Iron and Steel Ltd. made their debut on Indian bourses. According to Agarwal, Vedanta Resources has the potential to relist in India. 

 

"We are committed to growth. We are investing $20 billion over the coming three years. Every company has the potential to become $100 billion," Agarwal said, outlining ambitious plans for the five demerged entities.  

 

Vedanta Power has coal mines with nearly 2 billion tonnes of reserves, according to Agarwal. "Vedanta Power is generating 4.2 megawatt power at present. India's power demand is expected to rise to 40 megawatt in the next five years, and 100 megawatt in the time to come. We have five of the best coal mines with us – Jamkhani, Radhikapur, Ghogharpalli, Karauli, and North Barra. It is almost 2 billion tonnes of reserves. If we produce 50 megawatt, it can feed for 5-10 years," Agarwal said. 

 

The company is also eyeing nuclear power space, according to Agarwal. "Other areas which we are very excited is nuclear power. We have the largest deposit of thorium in the world, which is the fuel for the nuclear power. We have signed the agreement and we are looking for 20,000 megawatt as the long-term goal, visison is to produce 50,000 megawatt power in the country," he said.

 

For Vedanta Iron and Steel, the company is in the process of making 15 million tonnes of steel, according to Agarwal. "We are producing 4 million tonnes. We are already in the process of making 15 million tonnes of steel. We have the ESL in the heart of the steel sector in Bokaro. We have Ballary steel in Karnataka, which is surrounded by raw materials.... For iron ore, we have reserves in Karnataka, Goa, Odisha, Liberia, where we have the largest reserve of iron ore. We also have 800 kilo tonne of met coke," Agarwal said. 

 

The company is also focusing on electric steel, green steel, and all specialty steel, as per Agarwal. 

 

For Vedanta Oil and Gas, the company is aiming to produce 1 million barrels a day, Agarwal said. For Vedanta Aluminium, the company is targetting production of 1 million tonnes of aluminium, according to Agarwal. "At Bharat Aluminium Co. Ltd., we started with 100,000 tonnes. Today we are producing 30 lakh tonnes at lowest cost," Agarwal said, adding that the company is targetting to reach 10 million tonnes in production capacity over time. 

 

For critical minerals, the company's waste recycling plant will be ready in the next six months, according to Agarwal. 

 

For the March quarter, Vedanta's consolidated net profit was INR 66.98 billion on revenues of INR 246.09 billion. At 1326 IST, shares of Vedanta traded nearly 2% lower at INR 304.75 on the National Stock Exchange. Shares of Vedanta Power traded over 66% lower at INR 40.64, whereas Vedanta Aluminium Metal traded nearly 310% higher at INR 495.90 on the National Stock Exchange. Vedanta Iron and Steel traded nearly 83% lower at INR 21.06, and Vedanta Oil and Gas traded over 70% lower at INR 36.10 on the NSE.  End

 

Reported by Astha Oriel

Edited by Avishek Dutta

 

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