Vedanta shares rise 1.5%; directors’ panel to consider NCD issuance

Vedanta Ltd shares were trading in the green in the early trade as the company on Tuesday said its Committee of Directors will meet on Friday, September 18, to consider a proposal to issue Non-Convertible Debentures (NCDs) through private placement.

The proposed fundraise is part of the company's ordinary course of business and follows an earlier board resolution passed on May 29, 2026.

The stock rose as much as 1.55% to ₹261.45 on the NSE.

Non-Convertible Debentures (NCDs) are a type of debt instrument through which companies raise money from investors. In simple terms, investors lend money to the company for a fixed period, and the company pays them interest in return. “Non-convertible” means these debentures cannot be converted into company shares.

NCD issue on a private placement basis means that a company plans to borrow money by issuing NCDs directly to a selected group of investors, rather than offering them to the general public.

Key updates for market participants

In June, Vedanta completed the demerger of four key businesses from Vedanta Ltd as part of a restructuring aimed at creating focused, sector-specific companies.

Under the scheme, the aluminium business was transferred to Vedanta Aluminium Metal Ltd, the merchant power business to Vedanta Power Ltd, the oil and gas business to Vedanta Oil & Gas Ltd, and the iron ore and steel business to Vedanta Iron & Steel Ltd.

Vedanta Ltd continues as the parent, housing businesses including its stake in Hindustan Zinc and its future-facing ventures.

The four demerged entities — Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power and Vedanta Iron & Steel — began trading separately on the BSE and NSE on June 15, 2026, marking the completion of the listing leg of the restructuring.

Vedanta shareholders received one share in each of the four resulting companies for every share held in Vedanta Ltd.

The separate listings were intended to give the businesses independent capital structures and allow investors to gain direct exposure to individual verticals.

Vedanta Q1 FY27 earnings

Mining conglomerate Vedanta Ltd reported a 71.8% rise in consolidated net profit to ₹5,473 crore in the quarter ended June 2026 (Q1 FY27), citing higher sales amid rising global metal prices and a lower exchange rate of the rupee.

In the year-ago period, the Anil Agarwal-led company posted a consolidated net profit of ₹3,185 crore.

Revenue from operations during the first quarter of FY27 rose by 53.6% to ₹24,205 crore from ₹15,754 crore a year ago.

Expenses during the reporting quarter rose to ₹17,558 crore from ₹13,203 crore recorded in the year-ago period, the company said in a regulatory filing.

"We have delivered a strong start to FY27, with robust performance across all business segments of demerged Vedanta... This consistent operational execution across our portfolio reflects the strength of our underlying asset base and our continued focus on volume growth, cost efficiency and value creation," Vedanta Ltd Executive Director Arun Misra said.

In a statement, the company said that the finance cost was higher by nine per cent Y-o-Y but lower by five per cent Q-o-Q.

Vedanta, Beicip-Franlab partner for NE Oil & Gas growth

Vedanta Oil and Gas Ltd in early September said it has joined hands with Beicip-Franlab India Pvt Ltd to accelerate exploration, resource maturation and production growth in the Northeast.

The integrated seismic and subsurface programme will cover nine Open Acreage Licensing Programme (OALP) blocks and one Discovered Small Field (DSF) block, bringing exploration, resource evaluation and development planning under a single technical framework.

"This collaboration aims at identifying and further developing new drilling opportunities while unlocking additional value from existing discoveries and producing assets," the Vedanta Group firm said in a statement.

As part of the engagement, subsurface and reservoir integrated entity Beicip-Franlab will undertake seismic interpretation, geological and reservoir studies, prospect ranking, resource assessment and field development planning across priority assets, including new and existing fields like Hazarigaon and Rudra in the Northeast.

Speaking on the partnership, Vedanta Oil and Gas Interim CEO and Whole-Time Director Jim Johnny Gast said, "Through Beicip-Franlab, we are bringing together advanced subsurface expertise and integrated technical capabilities to accelerate prospect maturation, strengthen our exploration portfolio and unlock greater value from existing assets."

Vedanta deploys portable rigs for gold & critical minerals

In August 2026, Vedanta Ltd said the company has deployed portable rigs at two of its exploration projects in Chhattisgarh.

In a statement, the company said it has "commissioned India's first portable rig for gold and critical mineral exploration."

The rigs have been deployed at two of Vedanta's flagship exploration projects in Chhattisgarh dedicated to gold and exploration of critical minerals such as nickel, chromium, and platinum group elements, it said.

The rigs -- a critical heavy duty mechanical system -- can carry out high-speed drilling up to 1,000 metres compared to the typical 300-400 metre range, without losing precious time in inter-location movement.

Critical mineral exploration demands exceptional technical expertise and deep-shaft mining capabilities, Vedanta said.

As the energy transition accelerates, Vedanta said it is positioned to bridge the critical mineral deficit by leveraging its integrated smelting infrastructure and advanced geological tech to unlock complex blocks.

Vedanta Group is the world's leading producer of metals, oil & gas, critical minerals, power and technology.