Vedanta Aluminium lists at ₹522 on the NSE; all four demerged Vedanta entities now trading on exchanges

The final leg of Vedanta Ltd’s demerger process was completed on Monday, June 15, with all four demerged entities beginning trading on the BSE and NSE following a special pre-open session for price discovery.

The newly listed companies are Vedanta Oil and Gas Limited (formerly Malco Energy Limited), Vedanta Power Limited (formerly Talwandi Sabo Power Limited), Vedanta Aluminium Metal Limited, and Vedanta Iron and Steel Limited.

Vedanta Aluminium Metal

Vedanta Aluminium Metal debuted at ₹522 per share on the NSE and ₹527 per share on the BSE following the price discovery process.

According to news reports, Vedanta Aluminium Metal is listed at a premium to Street expectations. Leading analysts had earlier valued the stock at around ₹475–477 per share.

Analysts view Vedanta Aluminium as the group’s most valuable demerged entity and a key driver of future value creation, citing its large production capacity, low-cost operations, and strong position in the aluminium sector.

However, the stock slipped into the red after listing at ₹522. When last checked, shares of Vedanta Aluminium Metal were trading 5% lower at ₹495.90 apiece on the NSE. On the BSE too, the stock was locked in the lower circuit limit of 5% at ₹500.65.

Vedanta Oil and Gas

Vedanta Oil and Gas shares were listed at ₹38 apiece on the NSE. The stock was last trading at ₹36.10, down 5% from its discovery price.

Vedanta Power

Vedanta Power shares got listed at ₹41.80 apiece on the NSE. The stock was last seen at ₹43.69, up 4.52% over its discovery price.

Vedanta Iron and Steel

Vedanta Iron and Steel shares were listed at ₹20 apiece on the NSE. The stock was last trading at ₹21.06, representing a gain of 5.30% from its discovery price.

How are existing Vedanta Ltd shares faring

When last seen, shares of Vedanta Ltd were trading at ₹308.15 apiece on the NSE, down 0.48%.

The four demerged Vedanta entities have commenced trading on the BSE and NSE and have been classified under the 'T' Group securities category. 'T' Group, or Trade-to-Trade segment, is a category where every buy and sell transaction results in compulsory delivery of shares. Intraday trading is not permitted in these stocks, as positions cannot be squared off on the same day.

Rationale behind the demerger

Vedanta Resources Chairman Anil Agarwal said the demerger marks a structural shift aimed at creating independent, sector-focused businesses with clearer growth trajectories and greater value creation potential.

“This transformation marks a pivotal step in unlocking value by creating focused, world-class companies, each with sharper strategic clarity and distinct growth pathways,”* Agarwal said.

Vedanta Ltd, the Indian operating arm of Vedanta Resources, completed the price discovery process for the residual company on April 30, 2026. The demerger became effective the following day, resulting in the creation of multiple sector-focused entities with independent growth strategies and capital allocation frameworks.

In a letter to shareholders in May 2026, Agarwal highlighted that Vedanta reported its highest-ever profit after tax of ₹25,096 crore on revenue of ₹1.74 lakh crore in FY26, supported by operational improvements across businesses. The company delivered a total shareholder return of around 50%, outperforming sector benchmarks, and paid a dividend of ₹34 per share.

Agarwal also noted that Vedanta strengthened its balance sheet during the year, with its net debt-to-EBITDA ratio improving to 0.95x, enhancing the company’s financial flexibility.

Agarwal said the demerger move is designed to create “globally competitive” businesses with clearer strategic focus and scalability.