Vedanta Group today completed its historic demerger with the listing of four new companies on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The listing of Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power is the culmination of a landmark strategic transformation.
It is designed to unlock value, sharpen business focus and create sector leaders aligned with India’s emergence as a global economic and manufacturing powerhouse.
Speaking at the listing ceremony, Anil Agarwal, Chairman, Vedanta Group, said: “Today is a historic moment in Vedanta’s remarkable journey and it is deeply emotional for me.
"Twenty-three years ago, Vedanta became the first Indian company to be listed on the London Stock Exchange.
"Since then, its businesses have created value, generated opportunities and built national capabilities. Today marks the moment when they become free to develop into strong, independent companies in their own right.”
He added: “We are living in a time of great global transformation. Tomorrow’s economy, with AI, high-tech manufacturing and the energy transition at the forefront, is going to be highly mineral, metal and energy intensive.
"These are precisely the sectors in which these five incredible businesses operate. As they continue to grow and thrive, they will help India to do the same.
"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 becoming a developed nation.”
The listing comes as India emerges as one of the world’s fastest-growing major economies.
The domestic demand for the essential materials that power modern economies, including hydrocarbons, gold, silver, zinc, aluminium, iron and steel, copper and coal, is expected to grow sharply.
Vedanta Aluminium begins its independent journey as India’s largest aluminium producer and the third-largest globally outside China, with the world’s largest single-location aluminium smelter at Jharsuguda, Odisha.
The company plans to double its capacity to 6 million tonnes per annum, with a long-term ambition to become the world’s largest integrated aluminium producer.