Vedanta's four demerged businesses—Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power—commenced independent trading on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday. The newly listed entities were traded alongside the parent company, Vedanta Limited.
Mixed Performance in Early Trade
The newly listed stocks displayed a mixed performance during early trading hours. Vedanta Aluminium was trading at Rs 495.90, down 5 percent from its day's high. Vedanta Oil & Gas stood at Rs 36.10, also down 5 percent. Vedanta Power traded at Rs 40.13, lower by 4 percent. In contrast, Vedanta Iron & Steel gained 5.3 percent to Rs 21.06. Meanwhile, Vedanta Limited was trading at Rs 306.00, down 1.18 percent.
Strategic Demerger for Value Creation
The demerger is aimed at creating focused, sector-specific businesses and unlocking long-term value for shareholders. Vedanta Aluminium is India's largest aluminium producer. Vedanta Oil & Gas begins operations as a debt-free company. Vedanta Iron & Steel and Vedanta Power will cater to India's infrastructure and energy needs, respectively. Vedanta Limited will continue to hold Hindustan Zinc and the group's critical minerals portfolio.
Anil Agarwal's Vision
Speaking at the listing ceremony in Mumbai, Vedanta Group Chairman Anil Agarwal described the milestone as a historic moment for the company. He recalled that 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," he said.
Agarwal noted that demand for metals and energy will continue to rise with the growth of advanced manufacturing and artificial intelligence. "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," Agarwal stated.
He added that Vedanta's next phase of growth will depend on the support of shareholders, policymakers, and the people of India. "This is India's time, and we look forward to being part of that growth story," Agarwal concluded.
