Vedanta Power Q1 update: Power sales rise 38% YoY to 5,225 MU; shares trade 4% lower after recent rally

Vedanta Power shares were trading lower in the early trade on Monday, July 6, as the recently demerged and separately listed arm of Vedanta Ltd on Friday, post-market hours, said its power sales rose 38% to 5,225 million units (MU) in the June quarter (Q1 FY27), driven by improved generation across key assets and higher contribution from Meenakshi Energy.

The stock slipped as much as 4.46% to ₹43.67 on the NSE.

Power sales stood at 3,784 million units (MU) in the corresponding quarter of the previous fiscal year, the company said in a filing to the BSE.

Meenakshi Energy recorded the highest growth among the company's generating assets, with power sales rising 245% year-on-year (YoY) to 1,350 million units during the quarter, supported by operations at its full installed capacity of 1,000 MW.

Talwandi Sabo Thermal Plant reported power sales of 2,723 million units during the quarter, broadly in line with the year-ago period, while its Plant Availability Factor (PAF) stood at 86%, exceeding the normative availability level of 80% under its power purchase agreement with the Punjab government.

Vedanta Power details

Vedanta Power's shares were listed on the BSE and the NSE on June 15.

Vedanta Power had earlier 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.

About Vedanta Power Limited

Vedanta Power Limited (BSE: 544781; NSE: VEDPOWER) is a private-sector thermal power generation company with an installed capacity of 4.2 GW. The company is also developing an additional 600 MW unit at its Shakti plant in Chhattisgarh, which is currently under construction.

Vedanta Power supplies electricity to power distribution companies (DISCOMs) across India under long-term power purchase agreements. Its operating assets include a 1,980 MW plant at Mansa in Punjab, a 1,000 MW plant at Nellore in Andhra Pradesh, a 1,200 MW plant at Shakti in Chhattisgarh, and a 600 MW plant at Jharsuguda in Odisha.

The company has stated that it is focused on expanding generation capacity, improving operational efficiency and supporting India's power sector. It has also undertaken initiatives related to fly ash utilisation, biomass co-firing and reducing freshwater consumption at its operations.