Vedanta Aluminium, Vedanta Power, Hindustan Zinc: How are Vedanta Group stocks performing amid a flat market?

Shares of Vedanta Group companies were trading on a mixed note as of the afternoon market hours on Thursday, September 10, as investors focused on the broader weak market sentiment amid elevated oil prices and the parent company’s latest refinancing move.

After Wednesday’s gains among metal stocks, the sector was witnessing a pullback move on Thursday as investors booked profits, resulting in Nifty Metal trading more than 1% lower on September 10.

On Thursday’s market, the broader benchmark indices were witnessing the impact of subdued investor sentiment due to weak global cues, the latest attacks in West Asia and primarily crude oil prices surpassing $100 per barrel, its highest level since May 25, 2026.

The benchmark NIFTY50 was trading 0.05% lower at 23,429.35 points during the afternoon hours on NSE, in comparison to 23,431.50 points at the previous equity market close.

Meanwhile, the BSE SENSEX index was down 0.07% at 74,709 points during the trading session on September 10, in comparison to 74,764.23 points at the previous market close, as per the exchange data.

While Vedanta Group’s parent company was raising $400 million via bonds, which acted as a temporary positive move for the listed entities, profit booking due to commodity prices in the market and investors' caution erased the early market gains.

How are Vedanta stocks performing today?

Vedanta’s refinancing move?

According to media reports, Vedanta Group’s parent company, Vedanta Resources, has successfully raised $400 million through a triple maturity bond issue priced in June this year, which is estimated to be used for refinancing existing debt of the firm.

People aware of the development told the Economic Times that the new bonds maturing in 2032, 2034, and 2037 will be priced at a coupon rate of 7%, 7.37%, and 7.75%, as these new bonds are expected to reduce the costs to the company while increasing the tenure of repayment.

Although the refinancing was a relief, reports suggest that investors' sentiment remains weighed down by the higher debt obligations of the parent company.

Hindustan Zinc signs EV truck deal

On the company-specific front, Vedanta subsidiary Hindustan Zinc, on September 9, signed a six-year transportation agreement with MFL India Limited for the deployment of 30 electric trucks for concentrate transportation.

As per the contract, which is extendable up to two years, these electric trucks will be progressively inducted to replace conventional diesel vehicles used for transporting zinc and lead concentrate from Rampura Agucha to its smelting operations in Rajasthan.

The company also noted the higher capital requirements associated with emerging technologies such as EVs and LNG, and said that Hindustan Zinc is working with MFL to enable a phased transition to cleaner mobility and progressively replace conventional vehicles with the EV fleet.

The phased transition is estimated to be carried out with the help of establishing charging infrastructure, while the company aims to ensure continued participation of local drivers in the transportation network.