Vedanta shares surge after board clears ₹3,000 crore fundraise via NCDs

In a regulatory filing today, the company stated that it will issue unsecured, rated, listed, redeemable NCDs on a private placement basis. The NCDs are proposed to be listed on the BSE, Vedanta added.

The Mumbai-headquartered firm’s board proposed to issue three lakh (3,00,000) NCDs with a face value of ₹1 lakh each, aggregating up to ₹3,000 crore.

Vedanta stock performance

The share surged as much as 5.36% to an intraday high of ₹732.35 apiece on the National Stock Exchange (NSE) on Wednesday.

At around 1:54 pm, the stock was trading % higher at ₹ per equity share.

The scrip has gained more than 6% in the past week and 5% over the month. On a year-to-date basis, it has advanced 20%.

While the share hit a 52-week high of ₹769.80 on January 29, 2026, it touched a year’s low of ₹363 per unit on April 7, 2025.

Vedanta Q3 results

The mining major posted a 60% year-on-year (YoY) increase in its consolidated profit after tax (PAT) to ₹7,807 crore for the December quarter of the 2025-26 financial year (Q3 FY26), on the back of strong base metal prices.

In the corresponding period of the previous fiscal year, it had logged a PAY of ₹4,876 crore.

Its revenue from operations rose 19% to ₹45,899 crore during the quarter under review, compared to ₹38,526 crore in the third quarter of the 2024-25 fiscal year (Q3 FY25).

Vedanta’s aluminium production stood at 7,94,000 tonnes, marking a 57% YoY jump, while cast metal aluminium production was at 6,20,000 tonnes, marginally higher than a year ago.

Vedanta has a total market capitalisation of ₹2.83 lakh crore, as of February 25, 2026, according to data on the NSE.