Vedanta completes historic demerger, lists four new companies in India
Global diversified miner Vedanta Group has passed a defining milestone in Indian corporate history with the successful listing of four newly demerged companies on the Bombay Stock Exchange and National Stock Exchange.
The landmark transformation has created five focused businesses central to India's industrial growth, infrastructure development, energy security and self-reliance ambitions.
Vedanta became the first Indian company to list on the LSE and went on to become an FTSE 100 company.
The companies now listed on India's stock exchanges include Vedanta Aluminium, which is India's largest aluminium producer and the world's third-largest aluminium producer outside of China. Having the world's largest single-location smelter in Odisha, Vedanta Aluminium plans to double capacity to six-million tonnes a year and is working towards becoming the world's largest integrated aluminium producer.
Vedanta Oil & Gas, in turn, is now among India's most strategically important energy producers. The company has a long-term ambition to scale production to 500 000 bbl/d.
Next, Vedanta Iron & Steel is backed by nearly four-billion tonnes of iron-ore resources and about 800 000 t/y of metallurgical coal capacity. The company intends to scale up to 15-million tonnes a year of production and is focused on high-value segments including electrical steel, and specialty and green steel products.
Vedanta Power, meanwhile, is India's fifth-largest thermal power producer with 4.2 GW operational capacity. The company has a long-term vision to scale towards 20 GW to support India's industrial and digital growth. Vedanta Power is also evaluating opportunities in nuclear energy.
Vedanta Limited continues as the group's flagship listed entity anchored by Hindustan Zinc - the world's largest integrated zinc producer and top silver producer.
The company also has a globally significant portfolio spanning copper, nickel, ferroalloys and other strategic minerals critical to India's future growth and resource security. Its portfolio includes Fujairah Gold, one of the Middle East's leading precious metals refineries, further strengthening Vedanta's presence across global precious metals markets. FACOR is positioned to become India's largest producer of special-grade ferrochrome and will soon become the country's only private-sector producer in certain manganese segments.
Together, these five companies represent some of India's most strategic natural resources, energy and critical minerals businesses.
Vedanta's mining operations span India, Africa, the Middle East and East Asia.
