Vedanta Aluminium shares in focus as arm BALCO emerges preferred bidder for Odisha bauxite block

Vedanta Aluminium Metal shares are expected to be in focus on Monday, August 10, after the company said on Friday, in post-market hours, that its subsidiary, Bharat Aluminium Company Limited (BALCO), has been declared the ‘Preferred Bidder’ for the Karlapat bauxite block in Odisha.

The development strengthens Vedanta Aluminium’s raw material security and aligns with its strategy of deepening backward integration, it said.

Vedanta Aluminium Q1 FY27 earnings

In late July, Vedanta Aluminium, one of the leading aluminium producers in India, announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), the first earnings as an independent entity.

In its earnings release, the company said its revenue increased to an all-time high of ₹21,105 crore, up 13% QoQ (quarter-on-quarter) and 45% YoY (year-on-year), driven by higher volumes & realisations.

EBITDA surged to a record ₹10,499 crore, up 24% QoQ and 134% YoY on the added strength of cost efficiency, while the EBITDA margin rose to a best-ever 50%.

Profit stood at ₹6,597 crore, increasing 33% QoQ and 205% YoY, reflecting strong operating performance.

The company further strengthened its balance sheet through deleveraging, with Net Debt to EBITDA improving to 0.9x from 1.3x in Q4FY26.

"Reflecting its sustained performance, Vedanta Aluminium also received a credit rating upgrade to AA+ (Stable) from both CRISIL and ICRA," the release added.

Vedanta Aluminium listing

Other updates to know

On June 15, 2026, the day of Vedanta demerged entities' listing, Vedanta Chairman Anil Agarwal outlined an ambitious growth roadmap for the group's newly demerged businesses, saying each vertical has the potential to become a $100 billion opportunity ($100 billion revenue) over time.

It must be noted that Vedanta Ltd is the primary Indian subsidiary of the UK-incorporated holding company Vedanta Resources. Both operate as major diversified natural resource conglomerates with extensive portfolios in zinc, aluminium, oil and gas, iron ore, and power.

Agarwal said relisting of Vedanta Resources, which was delisted from the London Stock Exchange (LSE), is not an immediate plan but may be completed in three years.