en.Wedoany.com Reported - India's Vedanta Group has completed its business demerger, restructuring its operations into four independent companies: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power. These four companies are now listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Vedanta Limited continues as the group's flagship listed entity, with businesses covering zinc, silver, copper, nickel, ferroalloys, and other strategic minerals, making it one of India's leading natural resources and critical minerals companies. The demerger aims to unlock corporate value, enhance business focus, and create industry leaders to support India's transformation into a global economic and manufacturing powerhouse.
Anil Agarwal, Chairman of Vedanta Group, stated that the future economy will be driven by artificial intelligence, high-tech manufacturing, and energy transition, heavily reliant on minerals, metals, and energy. He believes that the five independent companies will continue to grow and thrive in their respective fields, contributing to India's development. He added that these companies are established to serve the nation for generations, create long-term value for shareholders, enhance India's self-reliance, and support its goal of becoming a developed country.
The demerger comes as India emerges as one of the fastest-growing major economies globally. Demand for foundational materials supporting modern economies, such as aluminum, steel, copper, and coal, is expected to surge significantly. Vedanta's business portfolio will support India's ambitions in energy security, infrastructure development, advanced manufacturing, digitalization, AI-driven growth, electric mobility, green technologies, energy transition, and long-term national development.
Vedanta Aluminium is one of the world's leading aluminum producers, operating two smelters in India. Among them, the Jharsuguda plant in Odisha has an annual capacity of 1.8 million tonnes, making it the largest single-site aluminum smelting facility outside China. The group's other facility is Bharat Aluminium Company Limited (BALCO) in Korba, Chhattisgarh, a 51%-owned subsidiary of Vedanta Limited. Together, they bring the group's total capacity to 2.4 million tonnes per year. Additionally, Vedanta Aluminium operates an alumina refinery in Lanjigarh, Odisha. As an independent entity, the company plans to double its capacity to 6 million tonnes per year, with a long-term goal of becoming the world's largest integrated aluminum producer.
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