Vedanta shares hit 52-week high as NCLT approves firm's resolution plan to acquire Incab Industries

The payment of ₹545 crore will be made upfront in cash and funded through Vedanta’s internal accruals.

“…we wish to inform you that the National Company Law Tribunal Kolkata (“NCLT Kolkata”), vide its Order uploaded on the NCLT website on December 03, 2025, around 05:30 PM IST, has granted its approval for the Resolution Plan as submitted by Vedanta Limited for the acquisition of Incab Industries Limited (“Incab” or “Company”) under the Corporate Insolvency Resolution Process in accordance with the provisions of the Insolvency and Bankruptcy Code (IBC), 2016,” Vedanta has said in a regulatory filing.

Kolkata-headquartered Incab is engaged in the manufacturing of power cables and industrial wires which utilise copper and aluminium as the key raw materials.

With key raw materials in power cable and industrial wire manufacturing being copper and aluminium, the acquisition brings vertical and downstream synergies for Vedanta. Further, the Pune plant is located just 300 kilometres from Vedanta’s Silvassa copper unit. The acquisition will support the group’s growth in downstream copper and aluminium and expansion in infrastructure and transmission.

The Anil Aggarwal-led firm plans to complete the acquisition as per the order, i.e., within 90 days from the order of resolution plan approval.

Incab Industries has two manufacturing plants in Jamshedpur and Pune each. “The plants are currently non-operational, and Vedanta shall infuse capex and working capital for revival of the company,” Vedanta had said in the statement.

Vedanta share price

Following the development, shares of the company were trading in green on Thursday. At 12:20 PM, the stock was seen at ₹534.30 apiece on NSE, gaining 0.28%.

The scrip has gained 3% over the past five days. It has zoomed more than 22% in the last six months. On a year-to-date basis, it has advanced about 22%.

Vedanta has a total market capitalisation of ₹2 lakh crore, according to data on the NSE.

Vedanta Q2 earnings

 The metals and mining conglomerate had reported a consolidated profit after tax (PAT) of ₹3,479 crore. The company had logged a profit of ₹5,603 crore in the year-ago period. In the previous quarter, the company had posted a profit of ₹4,457 crore. Its net profit (profit attributable to owners of Vedanta) slipped 58.6% YoY to ₹1,798 crore against ₹4,352 crore logged in the year-ago period.

Its total revenue from operations came in at ₹39,868 crore, up 5.93% against ₹37,634 crore seen in the September 2024 quarter. Total income came in at ₹40,464 crore, up 4% against ₹38,934 crore logged in the year-ago quarter.

Its EBITDA, or operating profit, increased by 12% YoY to ₹11,612 crore, mainly driven by higher premiums and forex benefits partially offset by higher costs and lower volume.

EBITDA margin came in at 34%, up 69 bps YoY. (The figure excludes custom smelting at copper business & one-off gain in Q2FY26).