Vedanta Power, Oil and Gas, Aluminium: Group stocks mixed on company-specific updates, announcements; key details

Vedanta Power, one of the entities created following the demerger of Vedanta Ltd, is set to announce its September quarter (Q2 FY27) results on Thursday, October 29.

In a press release, the company said its board of directors would meet on Thursday, October 29, 2026, to consider and approve the quarter's standalone and consolidated unaudited financial results and the half-year results for the period ended September 30, 2026.

Vedanta Power Q2 FY27 operational performance

Vedanta Power reported a strong operational performance in Q2 FY27, with power sales rising 26% year-on-year (YoY) to 5,593 million units. For the first half of FY27, power sales stood at 10,817 million units, up 32% YoY.

Meenakshi Energy Ltd recorded a 111% YoY increase in power sales to 1,470 million units in Q2 FY27. Its power sales for the first half of FY27 reached 2,820 million units, up 160% from the year-ago period.

Meanwhile, Jharsuguda Thermal Plant reported an 186% YoY increase in quarterly power sales to 873 million units. Its Plant Availability Factor (PAF) improved to 98% from 43% in the corresponding quarter last year.

Talwandi Sabo recorded power sales of 2,945 million units in Q2 FY27, up 6% YoY.

The company said it would announce its financial results and related disclosures after the conclusion of the board meeting, in accordance with the applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vedanta Oil and Gas Q2 results

Vedanta Oil and Gas, formerly known as Malco Energy, is also scheduled to announce its financial results for the quarter ended September 30, 2026, on Thursday, October 29.

In Q1 FY27, the company reported a profit of ₹945 crore, including discontinued operations, compared with a loss of ₹104 crore in the corresponding quarter of the previous fiscal year.

Revenue rose 9% YoY to ₹2,507 crore in the June quarter, compared with ₹2,303 crore in the year-ago period.

Other Vedanta Group developments

Vedanta Chairman Anil Agarwal on Wednesday said the conglomerate is exploring investments of ₹70,000-₹80,000 crore in West Bengal for power generation and an aluminium smelter.

Chief Minister Suvendu Adhikari, whom Agarwal met at the state secretariat, said the proposed investments have the potential to create around 10,000 jobs.

Speaking to reporters in Kolkata, Agarwal said the group would assess the feasibility of the proposed projects, with coal availability and existing infrastructure potentially supporting industrial operations.

The projects could become operational within the next three years if the state government provided proactive support, he said.

“The chief minister told me that I could explore investment in any sector, and I said I would look at it. I promised him that thousands of jobs would be created,” Agarwal said, referring to his meeting with Adhikari earlier in the day.

Vedanta Iron and Steel’s iron ore business CEO Anamika Jha resigns

Jha tendered her resignation through a letter dated October 28, 2026, and it takes effect from the close of business hours on the same day, the company said in a regulatory filing to the BSE.

“Ms Anamika Jha has tendered her resignation… from the position of Chief Executive Officer '? Iron Ore Business (CEO-IOB) and Senior Management Personnel of the company… due to personal reasons,” the filing said.

The company did not announce a successor in the filing.

Vedanta Ltd Q2 FY27 earnings

In the year-ago period, the Anil Agarwal-led company had posted a consolidated net profit of ₹1,798 crore.

Revenue from operations during the second quarter increased to ₹26,356 crore from ₹16,736 crore a year ago.

The company said in a filing to BSE that revenue growth was supported by higher commodity prices, favourable forex, and higher volumes.

Total expenses during the second quarter rose to ₹18,476 crore over ₹13,793 crore in the year-ago period. Vedanta’s gross debt stood at ₹30,297 crore as of September 30, 2026.

"Vedanta delivered another quarter of strong operational performance…we invested ₹1,135 crore towards our growth projects, advancing capacity expansions, mine development and resource security initiatives across the portfolio.

“The consistent delivery of these milestones reflects the strength of our diversified asset base and our continued focus on volume growth, cost leadership and creating value for all stakeholders,” the company’s Executive Director Arun Misra said.

Group CFO Ajay Goel said that the strong cash generation of ₹5,803 crore during the quarter enabled the company to reduce its net debt by ₹4,624 crore to ₹3,675 crore.

With multiple growth engines across Hindustan Zinc, Zinc International, FACOR, Copper and Ports and with a rich portfolio of critical mineral blocks, Vedanta Limited is well positioned to chart the next phase of growth while maintaining financial discipline and creating long-term value, he added.

The company’s gross debt stood at ₹30,297 crore as on September 30, 2026.

How Vedanta Group stocks were trading in morning trade

At 10:42 AM, Vedanta Ltd shares were trading nearly 1.5% higher at ₹236.40 apiece on the NSE, while Hindustan Zinc (HZL) gained 1.09% to ₹512.30. Vedanta Power rose 0.8% to ₹29.02, while Vedanta Iron and Steel (VISL) fell 1.81% to ₹26.08.

Vedanta Aluminium Metal shares declined 2.56% to ₹350 apiece. Vedanta Oil and Gas shares were trading largely flat, with a negative bias.