Vedanta group stocks on a roll; Oil & Gas jumps 14%, Iron & Steel hits 10% upper circuit again

Vedanta group stocks stayed firmly in demand on Thursday, July 2, continuing their sustained rally.

The four newly carved-out Vedanta entities, Vedanta Power, Vedanta Aluminium, Vedanta Oil and Gas, and Vedanta Iron and Steel, completed their mandatory 10-day Trade-to-Trade (T2T) settlement period and exited the segment on June 30.

The four demerged companies made their stock market debut on June 15, 2026, following the demerger of Vedanta Ltd.

Vedanta Ltd

Shares of Vedanta Ltd, at the time of writing this report, were trading 0.67% higher at ₹277.40 apiece on the NSE.

On June 24, Vedanta Ltd announced the incorporation of a wholly-owned subsidiary, Vedanta Property Platforms Ltd (VPPL), marking its entry into the real estate sector. The new entity will act as a strategic platform for the company’s real estate-related initiatives.

The move is aimed at monetising surplus land and non-core property assets, while also creating a dedicated structure for potential joint ventures and asset-light opportunities, with the objective of supporting expansion in its core metals and energy businesses.

In a filing to BSE, the company said VPPL was incorporated in Mumbai, Maharashtra, on June 22.

The subsidiary will serve as a strategic platform for undertaking real estate business and ancillary activities. It has an authorised capital of ₹1 lakh, comprising 1 lakh equity shares of ₹1 each. Its subscribed capital also stands at ₹1 lakh.

Vedanta has subscribed to 100% of the equity share capital of the company through a cash consideration of ₹1 lakh, making VPPL a wholly-owned arm.

Vedanta Power

Vedanta Power shares rallied as much as 8.12% to ₹47.80 apiece on the NSE.

After listing on the bourses, Vedanta Power in June said it was evaluating a foray into hydro, battery storage, and nuclear energy as part of a long-term diversification plan.

The company said it recognises nuclear energy as a clean, reliable round-the-clock power source and a key enabler of the country's energy transition.

Backed by a clear growth roadmap, Vedanta Power is focused on enhancing operational excellence, expanding capacity and building a long-term power platform for India.

The company plans to scale its capacity to 20 GW, with the long-term ambition to be among the top-three private-sector power companies in the country.

As part of this journey, Vedanta Power expects to commission the second 600 MW unit at its Sakti plant in the second half of FY27 and increase total capacity to 12 GW by FY33.

Vedanta Iron and Steel

Vedanta Iron and Steel shares were once again locked in the 10% upper circuit limit at ₹42.65 on the NSE. The stock debuted at ₹20 on the bourse on June 15.

Vedanta Oil & Gas

Vedanta Oil and Gas shares rallied as much as 13.96% to ₹44.08 apiece on the NSE. Recently, ICRA assigned an [ICRA]AA+ (Stable) rating to Vedanta Oil & Gas Limited’s ₹1,400 crore long-term loan.

The rating reflects the company’s established position in India’s upstream oil and gas sector, supported by a sizeable resource base and stable production profile anchored by key assets such as the Rajasthan block.

It also factors in its low-cost structure, healthy operating margins, and steady cash flow visibility, alongside financial flexibility derived from its association with the Vedanta Group.

Vedanta Aluminium Metal

Shares of the company were trading 1.14% higher at ₹457.10 apiece on the NSE.

What Anil Agarwal had said on demerged entities

Vedanta Chairman Anil Agarwal on June 15 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.

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.

Vedanta demerged entities listing details

On June 15, 2026, Vedanta group's four demerged entities -- Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron and Steel -- made their stock market debut.

Vedanta Aluminium Metal started trading at ₹522 on the NSE, while Vedanta Power listed at ₹41.80, Vedanta Oil and Gas at ₹38 and Vedanta Iron and Steel at ₹20 on the NSE.

Vedanta's demerger was approved by the National Company Law Tribunal (NCLT) in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd.