Vedanta Aluminium, Vedanta: Vedanta Group stocks in focus as Vedanta Resources clears the air on stake sale buzz

Vedanta Group stocks are expected to be in the spotlight on Thursday, August 27, as Vedanta Resources on Wednesday denied recent media speculation regarding a purported sale of its shareholding in Vedanta Ltd, Vedanta Aluminium, or any other Vedanta group company.

"Vedanta Resources Limited denies the recent media speculation regarding a purported sale of its shareholding in Vedanta Limited, Vedanta Aluminium, or any other Vedanta group company, and confirms that there is currently no such plan," PTI reported, quoting a Vedanta spokesperson.

The company remains focused on growth and full value unlock - anchored in its landmark demerger into five focused world-class companies, an ambitious growth capex pipeline, a strong deleveraging track record and consistent shareholder returns - as it continues its journey to build "five Vedantas" and transform for good, the spokesperson added.

Vedanta group's demerged entities- Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron And Steel- made their stock market debut on June 15 this year.

Other updates to know

Vedanta Iron And Steel Ltd (VISL) on Wednesday said its arm ESL has received a GST demand-cum-showcause notice involving a proposed tax demand of ₹15.74 crore, besides applicable interest and penalty.

The notice alleges short payment of taxes during 2020-21 to 2022-23.

In a filing to the BSE, the company said ESL Steel Ltd (ESL) received notice under Section 74(1) of the Central Goods and Services Tax Act, 2017, from the Office of the Joint Commissioner, Central Goods and Services Tax and Central Excise, Ranchi.

"As per the said notice, the Department has proposed a GST demand of ₹15,74,26,450 comprising IGST of ₹7,87,46,884, CGST of ₹3,93,39,783, and SGST of ₹3,93,39,783 along with applicable interest and penalty," the filing said.

The company is examining the notice and will take appropriate steps in accordance with applicable laws within the prescribed timelines, the filing said.

Vedanta demerger: Ambitious plan

Vedanta Chairman Anil Agarwal on June 15, 2026, outlined an ambitious growth roadmap for the group's demerged businesses, saying each vertical has the potential to become a $100 billion opportunity (i.e., $100 billion in revenue) over time.

The business tycoon also hinted at a possible overseas relisting of parent Vedanta Resources, though he said such a move is unlikely before the next three years.

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' time.

"I'm very pleased; we have delisted our company in London, which was a FTSE 100 company. It's (listing) not on the card, but there is a potential that we can list, relist that company, maybe in America, maybe somewhere else, and create a phenomenal value," Agarwal said in an interview with PTI.

Agarwal also said that the group company currently has revenue of $23-24 billion and aims to take it to $50 billion.