Vedanta Power, Hindustan Zinc: How Vedanta stocks are performing amid benchmark rally

Vedanta Group stocks were mixed in afternoon deals on Friday, September 25, amid a rise in benchmark indices S&P BSE SENSEX and NSE's NIFTY50.

At 2:03 PM, Vedanta Power shares were up 1.53% to ₹32.59 apiece on the NSE, while Vedanta Iron And Steel was trading 1.28% higher at ₹32.54. Vedanta Oil and Gas was also in the green. The scrip stood at ₹34.63 on the NSE, up 0.29%.

Vedanta Ltd shares, on the other hand, were down 0.54% at ₹266.05 apiece on the NSE.

Hindustan Zinc (HZL) was trading 0.80% higher at ₹591.85 apiece on the NSE, and Vedanta Aluminium Metal shares were down 0.34% at ₹427.95 apiece on the NSE.

Recent developments to know

Konkola Copper Mines (KCM), which is controlled by Vedanta Resources, has awarded an engineering, procurement and construction (EPC) contract to China NERIN Engineering for a new tailings-leach plant at its operations in Chingola, Zambia.

Additional details released by KCM show that the plant will have the capacity to recover approximately 70,000 tonnes of copper annually from existing mine tailings.

Vedanta Resources Limited (VRL) is the parent company of Vedanta Limited (VEDL). London-based VRL is the holding company of the Vedanta Group and owns a controlling stake in the listed Indian company, Vedanta Limited.

As of September 30, 2025, Vedanta Resources held a 56.38% stake in Vedanta Limited.

Key facts around Vedanta Ltd demerger

Vedanta Limited’s 2026 demerger was aimed at splitting its diversified business into focused, sector-specific companies.

Under the final scheme, four businesses—aluminium, oil and gas, power, and iron and steel—were carved out of Vedanta Limited into separate entities, while the parent retained its base-metals and other residual businesses.

Shareholders of Vedanta Limited received one share in each of the four demerged companies for every one Vedanta share held.

The four new entities—Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—were listed on the stock exchanges on June 15, 2026.

The restructuring was designed to create focused, pure-play businesses with independent management, capital-allocation strategies and financial structures.

Vedanta said the move would allow each business to pursue its own growth strategy and help investors value the individual businesses more clearly, rather than valuing them as part of a diversified conglomerate.

After the demerger, the listed Vedanta Ltd retained businesses including its stake in Hindustan Zinc, zinc international operations, copper, ferrochrome and other critical-mineral assets, giving it a more focused metals and mining profile.