Vedanta Power shares hit 5% upper circuit; details shareholders need to know

Vedanta Power, one of the four demerged entities of the Vedanta group after its five-way split, electrified the NSE on Tuesday, June 23, as its shares surged to the 5% upper circuit at ₹45.23 apiece.

Shares of the company were listed on the BSE and the National Stock Exchange (NSE) on June 15, 2026.

The listing ceremony was led by Vedanta Group Chairman Anil Agarwal.

The listing marks an important inflection point for Vedanta Power as a focused, independent business built on a strong operational foundation and positioned to support India's rapidly growing energy demand, the company said in a statement.

Vedanta Power plans

On June 17, Vedanta Power 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.

The other newly demerged businesses -- aluminium, oil and gas, and iron and steel -- also commenced trading on the exchanges alongside Vedanta Power.

What Anil Agarwal said

Speaking on the day of the listing, Agarwal said, "24 years ago, Vedanta became the first Indian company to list on the London Stock Exchange and went on to become an FTSE100 company. The seed we sowed that day has grown into a vast banyan tree, and the saplings nurtured under it are now ready to become giants in key sectors and contribute significantly to India's rapid growth."

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.

A significant portion of this expansion is expected to be driven through brownfield projects, leveraging existing infrastructure and operational advantages, the company added.

Other key details to know

Ahead of its listing on the bourses, Vedanta Ltd on June 3, 2026, announced that the Registrar of Companies (RoC), under the Ministry of Corporate Affairs (MCA), had approved the change in the name of its power subsidiary from Talwandi Sabo Power Limited to Vedanta Power Limited, effective June 3, 2026.

Accordingly, the company has been operating under the name Vedanta Power Limited since June 3, 2026.

Vedanta Power business

Its operations span multiple states, with power supplied to utilities and other customers through a mix of long-term contracts.

The company is expected to benefit from India's growing electricity demand, although its performance will also depend on factors such as plant utilisation, fuel costs, and power tariffs.

In its investor presentation, Vedanta Power has outlined an ambition to become one of India’s top three private thermal power players by FY33 through a combination of organic expansion and asset turnarounds.

Vedanta Power portfolio

The portfolio comprises Talwandi Sabo, in Punjab (1,980 MW), Vedanta Power Meenakshi Energy, in Andhra Pradesh (1,000 MW), Vedanta Power Sakti, Chhattisgarh (600 MW operational with another 600 MW under commissioning), and Vedanta Power Jharsuguda, Odisha (600 MW).