Vedanta demerger: Vedanta Oil and Gas to list on June 15; key details shareholders need to know

June 15, 2026, is set to be a significant day for Vedanta shareholders and market participants, as four demerged entities of the mining conglomerate will begin trading separately on the NSE and BSE.

The four entities 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. Meanwhile, the existing Vedanta Ltd, the parent company, will continue to trade on the exchanges.

With the listings, a total of five Vedanta Group entities will be traded on stock exchanges starting Monday.

Vedanta Oil & Gas details

The equity shares of Vedanta Oil and Gas Ltd will begin trading on the NSE and BSE on June 15, 2026, as part of Vedanta Ltd's ongoing demerger exercise. The listing will create a separately traded oil and gas company, allowing investors to independently assess the business's operations, growth prospects, and valuation.

The company has received the necessary approvals from the National Stock Exchange of India Limited and BSE Limited for the listing and trading of its equity shares.

The company’s equity shares will be traded under the scrip name "VOGL".

What investors need to know

The listing marks a key milestone in Vedanta's demerger process, giving investors direct exposure to the group's oil and gas business.

India currently meets a large part of its crude oil demand through imports, making domestic production an important component of the country's energy security strategy. Vedanta Oil & Gas, which operates under the Cairn brand, is among the country's largest private-sector oil and gas producers and has investments in exploration and production.

The company enters the public market with producing assets and a portfolio of oil and gas blocks.

According to the company’s disclosure, it aims to produce over 150,000 barrels of oil equivalent per day (kboepd) by FY29, with help from exploration efforts, better oil recovery methods, deep-gas projects, offshore developments, and technology improvements in production.

About Vedanta Oil & Gas

Vedanta Oil & Gas, which operates under the Cairn brand, is one of India's largest private-sector oil and gas exploration and production companies.

The company holds interests in 44 oil and gas blocks covering more than 47,000 square kilometres across the country. According to company disclosures, its portfolio includes gross 2P (proved and probable) and 2C (contingent) resources of about 1.4 billion barrels of oil equivalent (bnboe).

Its producing assets are located across key hydrocarbon basins in Rajasthan, Andhra Pradesh, Gujarat, and Assam. The company is engaged in exploration, development, and production activities across both conventional and unconventional oil and gas resources.

Vedanta Oil & Gas has outlined plans to increase domestic hydrocarbon production through a pipeline of development and exploration projects.

Over the past three decades, the company has reported multiple oil and gas discoveries across several sedimentary basins in India. It has also announced targets related to emissions reduction and net-zero commitments as part of its sustainability strategy.

Oil & Gas financials

For Q4 FY26, Vedanta Oil & Gas business reported a revenue of ₹2,583 crore, down 3% YoY, while EBITDA or operating profit came in at ₹1,065 crore, down 12% YoY.

Average Oil Price Realisation ($/bbl) stood at 79.4 in Q4 FY26 as against 70.9 in the year-ago period. Brent Crude Price ($ / bbl) during Q4 FY26 was 81.1 against 75.7 in the year-ago quarter.

For the fiscal year 2025-26, revenue slipped 13% YoY to ₹9,582 crore, while EBITDA declined 7% YoY to ₹4,350 crore.

FY25 details

According to the company’s website, during FY2024-25, the Oil & Gas business delivered gross operated production of 103 kboepd, down 19% YoY, primarily driven by natural reservoir decline at the MBA fields.

“The decline was partially offset by the addition of volumes through new infill wells brought online and well intervention activities in the Mangala, Aishwariya, Tight Oil (ABH), and Raageshwari Deep Gas fields. OALP assets were supported by the ramp-up of volumes from the Jaya discovery,” the company said.

Kboepd (or kboe/d) stands for thousand barrels of oil equivalent per day.

OALP assets refer to oil and gas blocks awarded under India's Open Acreage Licensing Policy (OALP).

OALP is a policy introduced by the Government of India under the Hydrocarbon Exploration and Licensing Policy (HELP) that allows companies to identify and bid for exploration blocks of their choice throughout the year, rather than waiting for the government to offer specific blocks.