•     Paves way for creation of four independent listed entities positioned to pursue accelerated growth

•     Unlocks value through sharper strategic focus, independent capital allocation, and governance

Bengaluru, December 16, 2025:  Vedanta Limited, the world’s leading critical minerals, energy transition, metals, oil & gas, power, and technology conglomerate, today announced that the Mumbai Bench of the National Company Law Tribunal (NCLT) has sanctioned the Scheme of Arrangement for the Company’s demerger into four independent, pure-play businesses by an order dated December 16, 2025.

With this approval and subject to receipt of certain government, regulatory approvals and other stakeholder clearances, Vedanta enters the execution phase of a transformational demerger that will result in five separate listed companies[1] (including already listed Vedanta Limited), each with a clear strategic mandate, focused management teams, and dedicated capital structures. The demerger is designed to unlock long-term value for shareholders and provide investors direct exposure to high-quality, sector-leading assets aligned with India’s growth and global energy transition trends.

It represents a significant step in simplifying Vedanta’s corporate structure while strengthening accountability, transparency, and strategic clarity across the Company’s businesses.

Creating focused, world-class companies

Post demerger, Vedanta’s businesses will operate as independent, sector specific companies, each positioned to capitalise on its respective market opportunities. The resulting entities will be as follows:

·         Vedanta Aluminium

·         Vedanta Oil & Gas

·         Vedanta Iron & Steel

·         Vedanta Power*

·         Vedanta Limited (to continue as the parent Company housing Hindustan Zinc Limited and incubating future-facing businesses)

(*The approval for demerger of merchant power business of Vedanta Limited is currently pending before the Hon’ble NCLT under a separate proceeding.)

Shareholders of Vedanta Limited will receive equity shares in each of the four resulting listed entities (in addition to their shareholding in Vedanta Limited) in proportion to their existing holdings, ensuring continuity of ownership while enabling direct participation in the growth trajectories of individual businesses.

Strategic rationale

Each demerged entity will operate with greater strategic flexibility, sharper market focus, and independent access to capital. Management teams in the demerged entities will align decision-making more closely with customer needs, investment cycles, and commodity-specific dynamics, while enabling investors to evaluate and value each business on its own merits.

The demerged entities will benefit from India’s continued infrastructure build-out, rapid urbanisation, energy transition, and emphasis on domestic manufacturing and resource security. The new structure positions each Company to respond nimbly to these trends while pursuing disciplined growth and operational excellence.

Commenting on the development, Mr. Anil Agarwal, Chairman, Vedanta Ltd., said:

“This is a landmark moment in Vedanta’s journey. The NCLT’s approval reinforces our vision to create focused, world-class companies better aligned with India’s growth ambitions and the evolving global demand for resources, energy, and technology. Each of these entities has the potential to grow manifold, attract strategic investment, and deliver superior value as these sectors are witnessing double digit growth. The demerger is also about empowering leadership and ensuring that our commitment to sustainable growth remains deeply embedded in every Company.” 

Overview of the resulting businesses

1.    Vedanta Aluminium, a leading global fully integrated producer of aluminium, will operate with strong cost competitiveness, a diversified product portfolio, and a growing focus on value-added and low-carbon aluminium solutions.

2.    Vedanta Oil & Gas, the largest private oil and gas exploration and production company in India, will function as a dedicated upstream exploration and production Company with a large onshore and offshore footprint, focused on enhancing domestic energy security through disciplined development and technology-led resource maximisation.

3.    Vedanta Power, one of the largest private sector power generators in India, will house the existing independent power generation assets and pursue opportunities in India’s evolving power market.

4.    Vedanta Iron & Steel, India’s leading producer of iron ore and steel, will bring together iron ore, steel, and value-added ferrous operations, providing a vertically integrated platform with scope for downstream expansion and green steel initiatives.

5.    Vedanta Limited, as the residual entity, will continue to hold its stake in Hindustan Zinc Limited and act as an incubator for new and emerging businesses, including initiatives that are of strategic importance to India.

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Bengaluru, 24th November,2025: Vedanta Limited, India’s leading energy transition metals, oil & gas, critical minerals, power, and technology conglomerate and The Cycling Federation of India (CFI) successfully concluded the inaugural Vedanta Tour de Thar, India’s first desert endurance cycling race. The races were flagged off by Shri Arjun Ram Meghwal, Union Minister for Law and Justice and Vedanta leadership alongside dignitaries, govt. officials and prominent personalities. This initiative brought together close to 800 professional cyclists, enthusiasts, adventure riders, and international participants for a landmark event in the Thar Desert at Bikaner, Rajasthan.

Through Vedanta’s #CycleForZeroHunger initiative, the participants’ close to 1 Lakh km ridden were converted into Poshan Packs, providing nutritious supplements for children at Vedanta’s Nand Ghars across 16 states. Developed in partnership with the Ministry of Women and Child Development, 10,000 Nand Ghars across 16 states are transforming rural India by providing nutrition, healthcare, and early childhood education for children, alongside skill development and entrepreneurship opportunities for women.

Vedanta Tour de Thar offered multiple race categories designed to challenge athletes of all skill levels. Riders competed across 100 km and 200 km formats, with several prominent national and international athletes including Ashok Tyagi (U-23 National champion), Naman Kapil (Asian Games Indian Representative), Nilesh Kumar (Multiple time national champion, Indian Airforce), and over 240 professional national cyclists taking part in the event.

Recognising the event’s role in promoting sports and sustainable tourism in Rajasthan, Shri Arjun Ram Meghwal, Union Minister of Law & Justice, said “Vedanta Tour de Thar showcases the immense potential of Rajasthan as a destination for endurance sports while also promoting eco-tourism and cultural heritage. As part of Sansad Khel Mahotsav 2025, the participation of athletes from across India and overseas reflects growing interest in desert sport, and I commend CFI and Vedanta for creating a platform that supports both athletic excellence and community welfare through #CycleForZeroHunger.”

Barnali Mahela, secured first position in the 100 km female challenge, while Harsh Pawar secured first position in the 100 km male challenge in the Amateur category. Arpitaketan Pandya dominated the 200km female challenge along with Anup Pawar, who dominated 200km male challenge in the Amateur category. In the Elite category, Sahil Kumar secured the first place in 100 km male challenge and Swasti Singh secured the first place in 100 km female challenge.

“Vedanta Tour de Thar has shown what is possible when sport, sustainability, and community purpose come together. What makes this edition truly special is its contribution to our #CycleForZeroHunger initiative, where every kilometer covered translates into Poshan Packs for children at Nand Ghars. We are proud to support an event that not only pushes human potential but also nourishes the next generation.” said Vedanta spokesperson.

Beginning from Norangdesar and concluding at Deshnok near Bikaner, cyclists navigated varying desert conditions marked by strong winds, sandy gradients, and high daytime temperatures. The event engaged local communities through cultural showcases, heat-safety orientation, and desert biodiversity awareness activities, reaching more than 10,000 beneficiaries while staying aligned with Vedanta’s vision of a greener future through various eco-friendly initiatives and a 2-day sustainability expo.

Barnali Mahela, winner of the 100 km solo women’s division, said: “The inaugural Tour de Thar was unforgettable. The desert tested our endurance, but local support kept us going. Proud to race for Indian cycling’s future and #CycleForZeroHunger. Teaming up for this challenge was intense and exhilarating.”

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Bengaluru, 7th October 2025: As gold prices continue to outshine even leading AI and technology stocks, Vedanta Limited Chairman Mr. Anil Agarwal has highlighted the growing importance of natural resources in driving the world’s technological and economic future.

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·         Vedanta Onboards Over 500 Engineers from More Than 50 Premier Colleges in FY25

Bengaluru, September 15, 2025: Vedanta Limited (NSE: VEDL), India’s leading critical minerals, energy transition metals, oil & gas, and technology conglomerate, celebrates the invaluable contributions of its engineers who form the backbone of its operations and innovation. Over 30% of Vedanta’s workforce comprises engineers across diverse disciplines, from the traditional electronics, chemical, petroleum, electrical, metallurgical, mining and thermal engineering to emerging specializations like environment, design, artificial intelligence, data science, renewable energy, robotics. Together, they are innovating to deliver operational excellence at a global scale, while also strengthening India’s industrial growth story.

Significantly, 30% of Vedanta’s engineers are women reflecting Vedanta’s strong commitment to fostering gender diversity in core industries. According to a report by consulting firm Avtar, participation of women in manufacturing is 3% (core engineering).

Vedanta is building a strong force of engineering talent drawing from premier institutes across the country. In FY25 alone, Vedanta onboarded over 500 engineers from more than 50 premier colleges across India, spanning IITs, NITs, and leading private institutions, including campuses from Jammu & Kashmir and the North-East.

Across some of the world’s largest and most advanced smelters, power plants, cast houses and mines, Vedanta has embedded digital technologies as essential infrastructure redefining how the company operates, monitors, trains and scales. Innovation being at the heart of Vedanta’s values, today futuristic devices and drones powered by IIoT (Industrial Internet of Things), AI and LiDAR (Light Detection and Ranging) tech monitor hard-to-access and restricted areas in real-time, all devised and driven by the brightest engineering minds in the country.

At Vedanta Aluminium, engineers are scripting the future of India’s aluminium industry by running the world’s largest aluminium smelters and world-class refinery. The deep expertise present at Vedanta’s operations ensures peak performance and the seamless production of high-quality aluminium. By partnering with technology providers from around the globe, and with emerging-tech startups offering innovative new solutions, the company ensures that its employees are continuously working with cutting-edge and are upskilled with in-depth knowledge about their domains. Through innovations in digitalisation, AI, and robotics, they are contributing to India’s self-reliance in this critical sector.

At Vedanta subsidiary Hindustan Zinc, engineers are driving some of the most advanced mining operations in the world, overseeing facilities like the world’s largest underground zinc mines and the world’s largest zinc-lead smelter. By leveraging technologies such as tele-remote systems, Artificial Intelligence (AI) /Machine Learning (ML)-driven solutions, robotics in smelting, and 3D geological mapping, they are redefining metal production, making it safer, smarter, and more sustainable.

In Cairn Oil & Gas, Vedanta’s petroleum and mechanical engineers are deploying advanced digital twins, advanced oil recovery technologies and digital-tech for predictive & prescriptive maintenance thus ensuring reliable and efficient production from India’s best oilfields. Their work is vital to bolstering the nation’s energy security while ensuring sustainability.

At Vedanta Power, engineers across three thermal power plants are leading critical functions including control & instrumentation, power generation and plant reliability, ensuring round-the-clock power generation for state grids.

At Sesa Goa, Vedanta’s iron ore business, engineers power the full spectrum of iron ore production, while at FACOR (Vedanta’s ferrochrome business) in Odisha, they drive excellence in mining, captive power, and charge chrome operations through metallurgical, mechanical, electrical, and civil expertise.

Central to Vedanta’s success is its commitment to building a future-ready engineering workforce. It offers its engineers vast learning opportunities, accelerating career growth through exposure to diverse verticals, rich job content, and capacity-building initiatives.

By expanding into new-age specialisations such as digital analytics, sustainability, preventive maintenance, supply chain reliability, mechatronics, power engineering, and geotechnical engineering, Vedanta ensures its engineers are equipped to meet the evolving demands of a dynamic industrial landscape.

Meet the Drivers of Growth:

Engineers across Vedanta’s businesses take immense pride in their roles. Sweety Anchalia, a mining engineer at Hindustan Zinc shared, “Learning textbook concepts and seeing their real-life applications at Vedanta’s digital-first mines has made mining highly sophisticated. It’s inspiring to witness Indian industry move compete globally on technology. Working at the world’s largest underground zinc mine, the exposure and opportunities I’ve received have empowered me to engineer solutions that propel the economy forward.”

A graduate engineer trainee, Thomas George at Vedanta’s Aluminium Business, echoed this sentiment, saying, “For me, engineering is about using science and creativity to turn problems into practical solutions. My first year at Vedanta, fresh out of college, has been a thrilling journey of learning and tackling real challenges. From resolving complex issues to exploring innovations in instrumentation and electrical systems, I’ve realised engineering is not just about machines, it’s about creating value. One of my proudest contributions was optimising a 990 KW motor to a 550 KW motor for the Evaporation Cooling Tower Pump. We did this without compromising output, saving 440 KW of power, cutting energy consumption, and improving operational efficiency, and delivering significant cost savings for the company.”

Mood Santosh Kumar, a Graduate Engineer Trainee at Cairn Oil & Gas in Ravva, Andhra Pradesh added, “I was always fascinated with machines and now I’m proud to be fueling Cairn’s offshore operations. From choosing mechanical engineering to eventually oil and gas, every day in this field tests my perseverance. The offshore life taught me that technology is only half the story; the other half is the people who stand together, whether tackling complex challenges or celebrating festivals far from home.”

From the depths of underground mines to cutting-edge aluminium smelters and thermal power plants, from energy-rich oilfields to digital centres of excellence, Vedanta’s engineers are scripting stories of innovation, resilience, and leadership. Their expertise not only drives the company’s operational success but also supports Vedanta’s larger vision of sustainable growth and nation-building, reinforcing the indispensable role of engineers in shaping India’s future.

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·         The e-store’s present customer base includes 60% MSMEs

·         The company’s first-of-its-kind e-store democratises access to premium products for all customers offering industry-leading features like live shipment tracking & financial reconciliation

Bengaluru, 27^th June 2025: On National MSME Day, Vedanta Limited (NSE: VEDL), India’s leading critical minerals, transition metals, energy and technology conglomerate announced that its non-ferrous metals e-store has achieved a staggering INR 40,000 crores or $4.7 billion in total sales value. Operated under the name of Vedanta Metal Bazaar, it is the world’s largest non-ferrous metals e-store offering more than 1200 stock keeping units (SKUs) across metals such as aluminium, zinc, lead and copper. The platform brings ease-of-doing business for customers on their fingertips by providing a streamlined, digital-first solution that enables businesses to procure non-ferrous metals such as aluminium, zinc, lead and copper efficiently and cost-effectively.

Traditionally, non-ferrous metal procurement can be complex and requires customers to keep track of commodity price movements, which can be cumbersome and time-consuming. Customers need to plan metal buying in advance with no visibility of pricing opportunities. Vedanta Metal Bazaar simplifies this process. It provides a streamlined, digital-first solution with an AI-powered WhatsApp chatbot that enables customers to procure metals efficiently and cost-effectively. The platform also offers other industry-leading features such as real-time shipment tracking, online hedging, long-term contracting, on-the-spot orders, channel partner logistics and financial support. This provides unprecedented ease-of-doing business and democratizes access to premium quality metals for all customers.

With no purchase limits or caps, Vedanta Metal Bazaar provides businesses with direct access to metals along with flexibility in the quantities they need according to their production plan. The platform helps eliminate third-party intermediaries, which is particularly helpful for small and medium enterprises (SMEs), giving them access to one of the world’s largest metal portfolios at their fingertips. This streamlined, one-stop solution is enabling smaller businesses to focus on growth rather than procurement complexities. This has led to a 240% increase in active users and a 35% rise in SME registrations within just six months of launch, reflecting a major shift toward digital procurement in India’s metals sector. Vedanta Metal Bazaar’s present customer base includes 60% MSMEs.

One of the most standout features of the e-store which is also a global first is the full stack integration of the e-store with leading hedging service providers, empowering buyers – especially small and medium enterprises (SMEs) – to manage commodity price risks directly during the purchase process. The platform also offers embedded financing through partnerships with top Indian banks and NBFCs, that has enabled over ₹1,150 crore in sales through this easy-credit ecosystem.

Mr. Gaurav Verma, Director, Pranava Electrical Industries Private Ltd, said, “Vedanta Metal Bazaar is a game-changer for MSMEs. With its user-friendly platform and no minimum order policy, metal procurement has never been easier. We’re excited to continue using the app and eager to explore upcoming innovations.”

Sharing his experience, Mr. Nilesh Patil, VP-Operations of Kothari Metsol, said, “This is a revolutionary platform offering ease of access and user-friendly interface for buying of zinc. It offers everything in one place and acts as a one-stop solution, from order booking to financial statements to tracking to query handling.”

Another MSME customer from the small town of Alwar, Mr. Abhishek Aggarwal, owner of Sant Aluminium, added, “As a business owner seeking a hassle-free way to buy aluminium, Vedanta Metal Bazaar exceeded my expectations. The platform is easy to use and there is no limit on purchase quantity. The feedback system contributes to better planning, and the mobile app is a handy tool for on-the-go order tracking. I highly recommend Vedanta Metal Bazaar for a simple and reliable metal procurement experience.”

The platform offers aluminium ingots, billets, wire rods, rolled products, copper cathodes, copper rods, special high-grade zinc, special high grade jumbo zinc, zinc die-casting alloys and lead ingots. The platform also offers customers access to Vedanta’s low carbon ‘green’ product range that includes Restora (Aluminium) and EcoZen (Zinc). Additionally, the company’s Customer Technical Services team collaborate closely with customers to meet their specific needs.

The e-store is accessible via a customized mobile app under the name of Vedanta Metal Bazaar on Google Play Store and Apple App Store. It is also available as a web portal (https://vedantametalbazaar.com/), ensuring ease of access for businesses of all sizes. The e-store has achieved unmatched customer satisfaction, with play store ratings reaching more than 4.3 on a scale of 1-5.

Vedanta Limited is a global leader in critical minerals, energy and technology operating a diverse portfolio of world-class assets. It is the world’s largest integrated producer of zinc, the fourth-largest global producer of silver, amongst the world’s top aluminium producers, India’s only private oil and gas producer, and one of its largest private power producers. With an eye on the future, the company is strategically expanding its business portfolio by venturing into rare earths, other critical minerals, and renewable energy.

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–       Posts Highest-Ever Consolidated Revenue at ₹ 1,50,725 crore, up 10% YoY¹

–       Records its 2^nd highest ever full year EBITDA at ₹43,541 crore, +37% YoY¹

–       Quarterly EBITDA grew 30% YoY to ₹11,618 crore

–       Quarterly PAT up 118% YoY to ₹4,961 crore

–       Net debt/ EBITDA improves to 1.2x vs. 1.5x as of FY24 end 

Bengaluru, April 30, 2025: Vedanta Limited (BSE: 500295, NSE: VEDL) today announced its Consolidated Results for the fourth quarter and the full year ended 31^st Mar 2025. Vedanta delivered robust financials with FY25 revenue soaring 10% YoY to ₹ 1,50,725 crores¹, its highest ever. The company’s EBITDA for FY25 stood at ₹ 43,541 crores¹, up 37% YoY, second highest for the company. Vedanta’s profit after tax for FY25 jumped 172% YoY to ₹ 20,535 crores.

The company’s Q4 revenue reached an all-time high at ₹ 39,789 crores, up 14% YoY. In Q4, the company’s EBITDA surged 30% YoY to ₹ 11,618 crores with an EBITDA margin of 35%², up 465 bp YoY, highest in the last 12 quarters. The company’s profit for the quarter was up 118% YoY at ₹ 4,961 crore. Vedanta’s cash and cash equivalent for the quarter improved by 34% YoY on the back of Free cash flow (pre-capex) of ₹ 7,814 crore.

The company’s total capital expenditure in the year stood at ₹ 12,626 crores, focused on volume expansion and supply chain integration. During the quarter, Vedanta’s Return on Capital Employed (ROCE) improved by 371 bps YoY to 27%.  The company’s net debt for the quarter reduced to ₹53,251 crores with Net debt/ EBITDA at 1.2x (vs1.4x in Dec’24). Vedanta has received credit rating upgrades from both CRISIL and ICRA to AA.

The company recorded its ever-highest production of aluminium at 2,422 KT. While the company’s zinc operations in India achieved highest ever mined and refined metal production at 1,095 KT and 1,052 KT respectively. Vedanta’s iron ore business posted a growth of 12% with 6.2 Mt of iron ore production and the copper business posted annual copper cathode production at 149 KT.

Commenting on Q4FY25 results, Mr Arun Misra, Executive Director Vedanta Limited said. “I’m pleased to report strong Q4 FY25 results, reflecting our consistent focus on operational discipline. This quarter concludes a year of exceptional achievement in FY25, where we not only delivered the highest-ever annual volumes for Aluminium and Zinc but also drove costs of production down significantly, reaching four-year lows for Zinc India CoP and ex-Alumina CoP at Aluminium. Our outlook for FY26 is firmly focused on growth and efficiency. We are accelerating our transformation, driven by strategic projects like the Lanjigarh Alumina Refinery Expansion and Sijimali Bauxite Mine in Odisha, which are on track to significantly improve our cost position next fiscal. With multiple volume expansions projects set for completion in FY26, we remain confident in our ability to deliver another strong year. We remain vigilant, responsive to market dynamics, and fully committed to seizing opportunities for long-term value creation.”

Mr Ajay Goel, CFO, Vedanta, said “This quarter, Vedanta has delivered an unprecedented financial performance, achieving the highest- ever quarterly revenue of ₹ 39,789 crore, reflecting robust 14% YoY growth. Our EBITDA surged to ₹ 11,618 crore, marking a 30% growth year-on-year, accompanied by an EBITDA margin of 35%, which is highest in last 12 quarters. Our PAT soared to ₹4,961 crore, reflecting an exceptional 118% YoY growth, underscoring the unparalleled resilience and strength of our business. This outstanding performance has been driven by our continuous focus on operational excellence, disciplined cost optimization, and the advantage of buoyant market dynamics. Furthermore, Vedanta Limited balance sheet deleveraged by ~$500 mn in Q4 with a closing Net Debt of $ 6.2 bn, enabling substantial improvement in leverage to 1.2x, reinforces our robust financial foundation.”

FY25 ESG Highlights

• ESG Leadership: Vedanta Limited’s subsidiary Hindustan Zinc secured the top position, while Vedanta Aluminium ranked 2nd among its global peers in the S&P Global Corporate Sustainability Assessment (CSA) 2024.
• Renewable Energy (RE): RE Power Delivery agreements (PDAs) of 1906 MW are in place. Overall, FY25 RE utilization at 2.61 bn units.
• Gender Diversity: Achieved our workplace gender diversity target for full-time employees 7 years in advance. Gender diversity for full-time employees stands at 22% (FY24: 20%)
• Waste Utilization: FY25 HVLT waste usage at 95%
• Water recycling: 29% in FY25
• Tree Plantation: 3+ million trees planted as part of commitment to plant 7 million trees by 2030
• Women & Child Welfare: 8,045 Nand Ghars created for women and child welfare
• CSR contribution: Spent ₹ 584 crore in FY’25 on CSR initiatives for communities, positively touching ~6.8 million lives

Consolidated Financial Performance –                                               

(In ₹ crore, except as stated)

  *Comparatives exclude impact of one-time cairn arbitration gain in FY 24

**Excludes custom smelting at copper business.

Revenue:

o   4QFY25 consolidated revenue at ₹39,789 crore, up 3% QoQ and 14% YoY driven by favorable market prices and higher premiums

• EBITDA and EBITDA Margin:

o   4QFY25 EBITDA increased by 3% QoQ to ₹11,618 crore mainly driven by higher volumes, higher premiums partially offset by input commodity inflation

o   4QFY25 EBITDA higher by 30% YoY on account of structural cost saving initiatives across businesses, favorable output commodity prices, partially offset by input -commodity inflation

o   EBITDA margin¹ at 35% in 4QFY25, improved ~465 bps YoY highest in 12 quarters

• Depreciation & Amortization:

o   4QFY25 Depreciation & Amortization ₹2,988 crore increased QoQ 11% and 9% YoY mainly at Oil & Gas and Zinc India

• Finance Cost:

o   4QFY25 increased to 6% QoQ due to a change in the borrowing mix and one offs partially offset by lower interest rates and 7% YOY in line with average borrowing

• Investment Income:

4QFY25 lower 7% QoQ and 35% YoY due to change in investment mix

• Taxes:

Normalized ETR for 4QFY25 is 28% as compared to 46% in 4QFY24, mainly due to changes in profit mix and reduction in tax rate of a foreign subsidiary

• Profit After Tax:

4QFY25 Profit after tax at ₹ 4,961 crore, higher 2% QoQ and 118% YoY.

• Leverage, liquidity, and credit rating:

o   Gross debt at ₹ 73,853 crore as on 31^st Mar 2025

o   Net debt at ₹ 53,251 crore as on 31^st Mar 2025. Net debt to EBITDA ratio improved to ~ 1.2x vs ~ 1.4x in Dec 2024 and ~ 1.5x in Mar 2024

o   Cash and cash equivalents position remains strong at ₹20,602 crore. The Company follows a Board-approved investment policy and invests in high quality debt instruments with mutual funds, bonds, and fixed deposits with banks

o   Both ICRA and CRISIL have provided AA rating while continuing on Watch with developing implications

4QFY25 Awards and Recognitions: 

• Safety:

o  HZL and BALCO received multiple accolades for safety excellence at 2025 British Safety Council International Safety Awards

o  VGCB won Silver at CII Andhra Pradesh Safety Excellence Awards

• CSR:

o  BALCO Honoured at the BCC&I Social Leadership Conclave and Awards

o  Vedanta Jharsuguda honored with Two Prestigious Awards at the World CSR Congress 2025

• Business Excellence:

o  Vedanta Jharsuguda won three Gold Awards at the 3rd TQM-India Summit 2025 by Quality Circle Forum of India.

o  Hindmetal Exploration Services secured Category-A exploration agency accreditation from National Accreditation Board for Education and Training (NABET)

• Sustainability:

o  HZL received the Water Stewardship award (2nd Position) and Sustainability Performance award (2nd Position) at the 15th India Corporate Governance & Sustainability Vision Summit & Awards organized by the Indian Chamber of Commerce (ICC).

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Vedanta, a leading global player in the aluminium industry, has made this appointment as part of its commitment to strengthening its leadership team. Kumar’s extensive industry experience and operational expertise will be instrumental in advancing Vedanta’s position in the sector, reinforcing its focus on innovation, efficiency, and sustainability.

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·         Proposed demerger, enhanced volumes & cost efficiencies across key businesses among positives

·         CRISIL and ICRA had also upgraded Vedanta ratings in past 4 months

Bengaluru, December 16, 2024: India Ratings has upgraded its rating on Vedanta Ltd.’s non-convertible debentures to AA- from A+. Key reasons for the upgrade include Vedanta’s improved financial flexibility, progress on the demerger, and expected material deleveraging post FY27.

“The upgrade reflects an improvement in Vedanta’s financial flexibility on account of a material reduction in the refinancing risk of USD bonds at Vedanta Resources Limited under the liquidity management exercise given the recent fund raising, which is expected to alleviate liquidity risks at Vedanta Limited,” India Ratings said in its report

“The ability of Vedanta Limited and Vedanta Resources Limited to access debt markets at lower interest rates and improved EBITDA contribution from the aluminium business provide improved visibility of a sustained reduction in consolidated financial leverage post FY27,” it added.

This is Vedanta Ltd.’s third rating upgrade in the last four months. Earlier this month, CRISIL upgraded its rating on Vedanta’s long-term bank facilities and debt instruments to ‘AA’ from ‘AA-’ while reaffirming the short-term rating at A1+. Similarly, ICRA upgraded Vedanta Limited’s long-term credit rating to ‘AA’ from ‘AA-’ in September.

Regarding Vedanta’s proposed demerger, India Ratings said that it does not expect individual entities’ liquidity and credit profile post the demerger to deteriorate. “Hence, the rating is likely to be maintained or improved from the current levels,” the rating agency said in its report.

The rating agency also expects good per-tonne EBITDA in Vedanta’s aluminium business in FY25 and FY26. This business is likely to benefit from a reduction in power costs due to improved coal linkages. According to the report, the EBITDA is supported by the volume ramp-up, the commissioning of new capacities, and the fall in the cost of production for the aluminium business.

Shares of Vedanta Ltd. touched a new 52-week high of Rs 526.95 during trading on December 16 on the back of an extended metal rally and other operational factors. Vedanta’s shares have rallied more than 100% year to date, showing a 5x outperformance on the Nifty metal index, which has rallied ~17%. The company’s market cap also crossed the Rs 2 lakh crore mark in this financial year.

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As an organization dedicated to supporting the dream of an Atmanirbhar Bharat in natural resources, Vedanta’s demerger will create sector focused entities, aligned with India’s global leadership goals in critical minerals, energy security as well as renewables and technology sectors. The demerger will help in simplifying Vedanta’s corporate structure by creating independent businesses and will offer global investors direct investment opportunities in pure-play companies linked to India’s impressive growth.

Earlier this month, at Vedanta’s Annual General Meeting, Mr. Anil Agarwal, Chairman, Vedanta Ltd. had said, “Demerger of our businesses will lead to the creation of 6 strong companies, each a Vedanta in its own right. This will unlock massive value. Each demerged entity will chart their own course but will follow Vedanta’s core values, its enterprising spirit and global leadership.”

Vedanta’s existing businesses will be structured in the following six independent companies after the demerger:

• Vedanta Aluminium
• Vedanta Oil & Gas
• Vedanta Power
• Vedanta Steel and Ferrous Materials
• Vedanta Base Metals
• Vedanta Limited

The demerger is planned to be a simple vertical split, for every 1 share of Vedanta Limited, the shareholders will additionally receive 1 share of each of the 5 newly listed companies.

Vedanta has a track record of giving strong returns to its shareholders. As on 30 June’24, Vedanta’s total shareholder return over 5-years stood at 276%, while the 5-years average accumulated dividend yield at 65%, delivering significant value for shareholders.

Currently, Vedanta is the Indian subcontinent’s only diversified natural resources company. It has invested over $35 billion in India and is making rapid expansion efforts through 50 strategic growth projects. Vedanta has a unique portfolio of assets among Indian and global companies. It is the sole producer of zinc and silver in India – and amongst the largest in the world. It is India’s largest producer of aluminium and largest private sector producer of oil, along with being one of India’s largest generators of power and purchasers of renewable energy. Also the sole producer of Nickel in India, Vedanta houses various key metals and minerals in its portfolio including chromium, copper and a traditional ferrous vertical including iron ore and steel.

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