Vedanta Limited, a massive player in the Indian aluminium industry, is one step closer to announcing its site for what the brand mentions as the world’s first 100 per cent green aluminium manufacturing plant, shares Group Chairman Anil Agarwal in a media interview. He has delineated the company’s pursuits to develop aluminium production further and meld renewable energy into its core operations. Vedanta Aluminium has strategised to boost its production capacity by 3 million tonnes annually.
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The public declaration was just in time ahead of Vedanta’s demerger enactment, leading to the composition of five distinctive entities – Vedanta Limited, Vedanta Aluminium, Vedanta Oil and Gas, Vedanta Steel and Ferrous Materials, and Vedanta Power. The restructuring has received shareholder and creditor approval, with completion expected in the first quarter of the next fiscal year.
“We are creating another 30 lacs tonnes of aluminium production,” Agarwal said, also mentioning that the company has obtained one of Odisha’s largest high-grade bauxite mines to support this expansion.
The company is also in the final stages of selecting a location for its green aluminium production facility.
“This will be the first kind of aluminium production with green metal — complete green metal,” Agarwal said. He added that aluminium is a key transition material for industrial and infrastructure growth, with applications in transportation, defence, and power transmission.
Agarwal also said that Vedanta aspires to reduce production costs by evaluating a reduction of USD 400 per tonne in raw materials, power, and processing expenditures, which in turn would position the enterprise as one of the lowest-cost aluminium manufacturers.
The Vedanta share price closed trading on March 19, 2025, at INR 460.2. During the last trading session, the shares reached an intraday high of INR 465.15 and an intraday low of INR 459.2. As of March 19, 2025, the company’s market capitalisation stands at INR 179969.8 crore (USD 20.84 billion). Vedanta shares recorded a 52-week high of INR 527.0 and a 52-week low of INR 261.8. The trading volume on the BSE was 199477 shares on March 19, 2025.
Agarwal reaffirmed that shareholders will receive one share in each of the new companies, with no changes to the overall shareholding structure. He also highlighted that the existing Vedanta Limited will continue to be a major player, maintaining significant stakes in Hindustan Zinc and Zinc International, as well as in its technology businesses.
Information credit: CNBC TV18
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