Vedanta Group Launches Four New Companies on Indian Stock Exchanges
Vedanta's New Listings on BSE and NSE
On Monday, the Vedanta Group successfully listed four newly demerged companies on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These companies encompass a diverse range of sectors, including strategic metals, critical minerals, aluminium, oil and gas, power, and iron and steel. Trading for these newly listed firms commenced today, alongside Vedanta Limited, which serves as the Group's flagship entity, primarily supported by Hindustan Zinc and a significant portfolio of critical minerals.
The introduction of Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power marks a pivotal transformation aimed at unlocking value, enhancing business focus, and establishing sector leaders in line with India's growth as a global economic and manufacturing hub. Anil Agarwal, the Chairman of Vedanta Group, expressed his sentiments, stating, “Today is a landmark occasion for Vedanta, and it holds deep emotional significance for me. Twenty-four years ago, we became the first Indian firm to list on the London Stock Exchange, eventually becoming a FTSE100 company. The foundation laid then has flourished into a vast banyan tree, with its offshoots now poised to become leaders in crucial sectors, significantly contributing to India's rapid development. We are now unveiling the next phase of extraordinary growth here in Mumbai, the city where my business journey commenced.”
Agarwal further emphasized the Group's commitment to its shareholders, noting that over the past five years, they have achieved a total shareholder return exceeding 300 percent, nearly five times that of the Nifty index, alongside a cumulative dividend yield surpassing 70 percent. He highlighted that the future economy, driven by AI, advanced manufacturing, and energy transition, will be heavily reliant on minerals, metals, and energy. Currently, India imports 50 percent of its needs, and it is crucial to achieve self-sufficiency. The newly listed companies are designed to address the significant demand-supply gap for these essential raw materials, ensuring long-term value for shareholders and supporting India's vision of a self-reliant and developed nation.
Performance of Vedanta Shares
Among the new listings, Vedanta Aluminium Metal Ltd stood out by debuting at Rs 522 per share. Vedanta Oil & Gas Ltd started trading at Rs 38 per share on the NSE, while Vedanta Power Ltd and Vedanta Iron & Steel Ltd listed at Rs 41.8 and Rs 20, respectively. Shares of Vedanta Ltd, the remaining listed entity, were trading at Rs 311.2, reflecting a 1.6 percent increase.