Aluminium, oil and gas, power, and iron & steel businesses begin independent trading; Anil Agarwal says move will unlock value and support India’s industrial growth
TFP Bureau, Mumbai, June 17,2026: Vedanta Group on Tuesday marked a major milestone in its corporate journey by listing four newly demerged companies on the BSE and NSE, creating what it described as a stronger portfolio of sector-focused businesses aligned with India’s long-term industrial and infrastructure ambitions.
The newly listed entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power — began trading alongside the group’s flagship listed company, Vedanta Limited. The company said the restructuring is aimed at unlocking value, sharpening business focus and building leaders in key sectors critical to India’s growth.
Chairman Anil Agarwal called the development a historic moment for the group and said the businesses had been created to serve the nation for generations while generating long-term value for shareholders. Recalling Vedanta’s earlier listing on the London Stock Exchange 24 years ago, he said the company’s journey was now entering a new phase from Mumbai, where his business career began.
Agarwal said the listed companies would play an important role in bridging India’s demand-supply gap in minerals, metals and energy at a time when the country is expanding rapidly in artificial intelligence, advanced manufacturing and the energy transition. He added that India must reduce dependence on imports and become self-reliant in critical raw materials.
Vedanta Aluminium, now operating independently, is India’s largest aluminium producer and among the world’s largest low-cost producers outside China. The company said it plans to double capacity over the next three years and become the world’s largest fully integrated aluminium producer.
Vedanta Oil & Gas, India’s largest private-sector oil and gas producer, is targeting higher output over the next few years with planned investments of about $5 billion. The company said its asset base across onshore and offshore blocks, shale, tight oil and gas fields positions it to play a key role in India’s energy security.
Vedanta Iron & Steel is expected to scale up from its current output of around 4 million tonnes per annum to 15 million tonnes. The company said access to iron ore resources, metallurgical coke and gas pipeline infrastructure gives it a strong base to serve India’s rising steel demand, especially in green steel, electrical steel and specialty steel segments.
Vedanta Power, which currently has an operational capacity of 4.2 GW, is targeting expansion to 20 GW to meet India’s growing baseload power requirements. The company said it sees opportunities in thermal power as well as in emerging areas such as nuclear energy.
Vedanta Limited will continue as the group’s flagship listed company and will remain focused on critical minerals and strategic resources, including Hindustan Zinc, copper, nickel and ferro-alloys. The company said its portfolio is central to India’s industrial self-reliance and future manufacturing growth.
The group said the simultaneous listing of the four entities represents a historic record for the highest number of stock exchange listings across the aluminium, oil and gas, power, and iron and steel sectors.
