Vedanta Power, Iron and Steel, Hindustan Zinc: How Vedanta Group stocks are performing on Sept 21

Vedanta Group stocks were trading mixed in noon deals on Monday, September 21, amid a rally in the benchmark indices, the S&P BSE Sensex and the Nifty50.

At 12:13 PM, shares of Vedanta Ltd were trading 2.32% lower at ₹261.40 apiece on the NSE, while Hindustan Zinc was down 0.61% at ₹592.35. Vedanta Power shares were also trading 0.82% lower at ₹30.92 apiece.

Meanwhile, Vedanta Iron and Steel was up 0.10% at ₹30.94, while Vedanta Aluminium Metal gained 0.72% to ₹419.50. Vedanta Oil and Gas was trading 0.88% lower at ₹33.96 on the NSE.

Vedanta demerger: What market participants need to know

Vedanta Group’s demerger was first announced in September 2023, with the company initially proposing to split its diversified businesses into six separate listed entities — Vedanta Ltd, Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, and Vedanta Base Metals. However, the group subsequently decided not to proceed with the demerger of the Base Metals undertaking.

The revised scheme was approved by the National Company Law Tribunal (NCLT) in December 2025, paving the way for four businesses to be carved out of Vedanta Ltd.

The four resulting entities — Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power — began trading separately on the BSE and NSE on June 15, 2026.

Vedanta shareholders received shares in each of the four entities in a 1:1 ratio for every Vedanta Ltd share held as of the May 1, 2026 record date.

Following the restructuring, Vedanta Ltd continues to house businesses including Hindustan Zinc and future-facing ventures.

The rationale behind the demerger was to create focused, sector-specific businesses with independent management, capital allocation and balance sheets.

Vedanta has said the restructuring is aimed at unlocking value by allowing each business to pursue its own growth strategy, attract a more relevant investor base and improve access to capital and strategic partnerships.

The group also expects the separation to provide greater transparency and accountability, while allowing investors to gain direct exposure to individual businesses rather than the broader diversified conglomerate.

What Anil Agarwal said in June 2026

Vedanta Chairman Anil Agarwal on Monday, 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.

It must be noted that Vedanta Ltd is the primary Indian subsidiary of the UK-incorporated holding company Vedanta Resources. Both operate as major diversified natural resource conglomerates with extensive portfolios in zinc, aluminium, oil and gas, iron ore, and power.

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.