Vedanta shares in focus on Tuesday on this fresh update; check details

The company produces a wide range of products, including aluminium, zinc, value-added alloys, copper, steel, nickel and ferrochrome.

"To boost production of these critical enablers for the EV industry, Vedanta has spent more than ₹12,500 crore. The investments include capacity expansion across the aluminium smelter, boosting aluminium value-added products, setting up a zinc alloy plant, roaster set-up for zinc production and ferrochrome capacity augmentation," the company said in a statement.

The company's aluminium product portfolio includes primary foundry alloys for wheels, engine blocks and cylinder-head applications; billets for battery casings; heating, ventilation and air conditioning systems; and EV frames.

Vedanta's aluminium is also being tested for breakthroughs in crash-resistant alloys and energy storage solutions.

Greater usage of aluminium in EVs extends their driving range by offsetting battery weight, thereby reducing the total cost of ownership.

Research suggests that every kg of aluminium used in a car reduces its overall weight by one kg, and consequently, 100 kg saved on an EV's weight translates into a potential 10-15 per cent increase in its range.

Vedanta is a producer of primary nickel, which plays a crucial role in battery systems and alloys used in EV manufacturing. Nickel plays a vital role in EV batteries and adds to the structural strength of key EV components. The company also produces nickel sulphate, which is a key ingredient in the production of nickel-rich cathodes for batteries, enabling a clean mobility transition.

More about Vedanta

Vedanta Limited is a multinational mining company primarily involved in exploring, extracting and processing minerals, oil and gas. The company deals in aluminium, zinc, lead, silver, iron ore, steel, copper, power and ferrochrome mining. It operates mines in Goa, Karnataka, Rajasthan and Odisha.

London-based Vedanta Resources is its parent company. Vedanta Limited has subsidiaries such as Hindustan Zinc Limited, Bharat Aluminium, Sterlite Copper and Cairn Oil. Vedanta began its journey as Sterlite Industries in the 1980s. The company was founded by Anil Agarwal 44 years ago in 1979. In late 2003, the parent company Vedanta Resources went public with the listing on the London Stock Exchange (LSE). This initial public offering (IPO) was the second-largest in the United Kingdom that year.

Vedanta: Recent Developments

• On Monday, September 8, shares of Vedanta remained in negative territory, following the report that the company on Friday beat Gautam Adani's Group to make a winning bid for the acquisition of debt-ridden Jaiprakash Associates (JAL) for ₹17,000 crore.

The bid value translates into Jaiprakash Associates' net present value of ₹12,505 crore.

Vedanta stock eventually ended at ₹434.35 apiece on the NSE, down 2.5%.

According to a PTI report on Sunday, September 7, Vedanta, in its winning bid for debt-laden Jaiprakash Associates Ltd (JAL), offered a ₹4,000 crore payment post approval by NCLT and the balance amount over the next 5-6 years.

• In August 2025, Vedanta said its board had approved the second interim dividend of ₹16 per share for the current fiscal, amounting to an outgo of ₹6,256 crore.

The company had earlier announced a dividend of ₹7 per share in June this year. The first dividend had led to an outflow of ₹2,737 crore.

"The board of directors of Vedanta Ltd at its meeting held today...has considered and approved the second interim dividend of ₹16 per equity share on a face value of ₹1 per equity share for financial year 2025-26, amounting to ₹6,256 crore," the company said in a filing to BSE.

The record date for the payment of the dividend was August 27, 2025.

Vedanta had announced a total dividend of ₹43.50 per share in the last financial year.