Vedanta demerger: Here's how the newly listed entities are performing on Day 2

Vedanta group's four demerged entities – Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron and Steel – performed mixed on Day 2 of listing.

Vedanta Aluminium Metal shares hit a 5% lower circuit for the second straight day. It had debuted at ₹522.

The stock of Vedanta Oil and Gas was down 5% to ₹34.30 a unit. It had ended at ₹36.10 on Monday after listing at ₹38.

A look at the m-cap of demerged Vedanta group entities

The market valuation of Vedanta Aluminium Metal stood at ₹1,84,222.29 crore, while Vedanta Power's mcap was ₹16,028.68 crore on the NSE.

Vedanta Oil and Gas commanded a market valuation of ₹13,412.63 crore, and Vedanta Iron and Steel's market capitalisation was ₹8,645.87 crore on the NSE.

The Vedanta Group said that the listing of four demerged firms represents the culmination of a future-ready transformation designed to unlock value for investors, sharpen business focus and create sector leaders aligned with the emergence of India as a global economic and manufacturing powerhouse.

"Tomorrow's economy, with AI, advanced manufacturing and energy transition at the forefront, is going to be highly mineral, metal and energy intensive," Anil Agarwal, Chairman, Vedanta Group, said at the listing ceremony in Mumbai.

"Today, India imports 50% of its requirements. Tomorrow we must be self-sufficient. The companies we have listed will play a significant role in bridging the huge demand-supply gap for these vital raw materials. These companies have been built to serve the nation for generations, create long-term value for shareholders, strengthen India's self-reliance and support its ambition of Viksit Bharat," Agarwal added.

Apart from newly listed companies, Vedanta Limited continues as the group's flagship listed entity.