Vedanta shares trade 0.5% higher; three latest updates you need to know

Vedanta Q2 business update

Mining major Vedanta Ltd said on Saturday the production of aluminium and mined metal has increased slightly during the second quarter of the current financial year (Q2 FY26).

The company's total aluminium production rose by 1%. In the case of mined metal for zinc in India also, the output was marginally up by 1%, Vedanta Ltd said in a filing to BSE.

The company, however, said it has achieved the "best ever second quarter mined metal production at 258 kt, and for H1 at 523 kt."

The total mined metal output at Zinc International was up by 38% in the second quarter of the current fiscal year (Q2 FY26), it said.

With regard to oil and gas, Vedanta's average daily gross operated production dropped 15% during the quarter to 89,300 barrels of oil equivalent per day (boepd).

The production of saleable iron ore also dropped by 19% to 1.1 million tonnes during the quarter.

Iron ore production, the company said, is adversely impacted due to higher rainfall.

Saleable steel production, it said, declined primarily due to maintenance activities undertaken in one of the furnaces.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources, critical minerals, energy, and technology companies, spanning across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan, and Japan, with operations in sectors like oil and gas, zinc, lead, silver, copper, steel, and aluminium.

Vedanta plans to invest ₹13,226 crore to ramp up aluminium capacity

Vedanta Ltd plans to pump in ₹13,226 crore to ramp up its aluminium capacity to 3.1 million tonnes per annum (MTPA) by FY28, PTI reported, quoting sources.

The current capacity of the company is 2.4 MTPA.

Vedanta Ltd is anchoring aluminium at the centre of its growth strategy, with an expansion plan that will take capacity to 3.1 million tonnes per annum (MTPA) by FY28, the PTI report added.

The company is planning to invest ₹13,226 crore over the next few years for this expansion, they said.

Aluminium, the world's second-most consumed metal after steel, is becoming increasingly critical to electric mobility, renewable energy, urban infrastructure, and aerospace.

Vedanta, the country's leading aluminium producer with over 50% share in the domestic market, is also set to ensure aluminium remains the single biggest contributor to its target of 8-10 billion dollar EBITDA at group level by FY28, as per its recent exchange filing.

Vedanta's aluminium capacity will expand to 2.75 MTPA by FY26 and further to 3.1 MTPA by FY28, the report added.

BALCO, in which Vedanta holds a majority stake, is also set to enter the one million tonne (production capacity) club, PTI added.

The mining major has been focusing on cost optimisation, bringing down its aluminium production cost by nearly 24 per cent, or 641 dollars per tonne, over the past 11 quarters, aided by backward integration across alumina with the Lanjigarh Refinery expansion and coal mines, the report added.

Vedanta extends deadline for demerger to March 2026

Anil Agarwal-led Vedanta Ltd has pushed the deadline for its demerger to March-end next year, as the approvals from the National Company Law Tribunal and government authorities are still pending, the company has said in a regulatory filing.

The deadline was earlier extended from March 31, 2025, to September 30 this year.

"Given that the conditions precedent in the Scheme, including approval of the National Company Law Tribunal, Mumbai Bench (NCLT), and approvals from certain government authorities are in the process of being completed, the board of the company and the resulting companies...have decided to extend the timeline for fulfilment of the conditions precedent from September 30, 2025, to March 31, 2026," Vedanta had said in a filing this week.

The approval of the demerger proposal will pave the way for the company's various business verticals to become separate entities.