Vedanta Targets Next Growth Phase as Chairman Anil Agarwal Highlights Record FY26 Performance and Demerger Roadmap
Company reports highest-ever profit and revenue; demerger to create focused sector-specific businesses across metals, mining, energy and resources
In a letter addressed to shareholders, Agarwal said Vedanta delivered its highest-ever profit after tax of ₹25,096 crore and revenue of ₹1,74,075 crore during FY26, driven by operational performance across its businesses.
Mumbai: Vedanta chairman Anil Agarwal has outlined an ambitious growth roadmap for the diversified natural resources group following its record financial performance in FY26 and the company’s demerger initiative that became effective from May 1, 2026.
In a letter addressed to shareholders, Agarwal said Vedanta delivered its highest-ever profit after tax of ₹25,096 crore and revenue of ₹1,74,075 crore during FY26, driven by operational performance across its businesses.
According to the company, the performance translated into a total shareholder return (TSR) of nearly 50%, significantly outperforming sector benchmarks. Vedanta also announced a dividend payout of ₹34 per share for the year.
Agarwal said the company has strengthened its financial position with net debt-to-EBITDA improving to 0.95x, enhancing balance sheet flexibility and long-term resilience.
The Vedanta chairman described the demerger as one of the most significant milestones for the group, stating that the restructuring is aimed at unlocking value through the creation of focused and independently scalable businesses with clearer strategic direction and capital allocation frameworks.
Under the new structure, Vedanta Aluminium plans to double production capacity to 60 lakh tonnes per annum, positioning itself among the world’s lowest-cost aluminium producers while catering to rising demand from infrastructure, automotive, electrification and aerospace sectors.
Vedanta Oil & Gas aims to scale production to between 300,000 and 500,000 barrels per day with an investment plan of $5 billion, supporting India’s growing energy requirements.
The group’s power business currently operates 4.2 GW capacity and plans to expand to 12 GW, while also entering hydropower and nuclear energy segments as part of a diversified clean-energy portfolio strategy.
Vedanta Iron & Steel plans to expand steelmaking capacity from 40 lakh tonnes per year to 100 lakh tonnes, backed by captive iron ore resources in Goa, Odisha and Karnataka, with a longer-term target of 150 lakh tonnes annually.
The flagship Vedanta Ltd will continue to hold around 60% stake in Hindustan Zinc while also housing the company’s copper, nickel, ferro alloys and international zinc businesses, including operations in South Africa and Namibia.
Vedanta said it invested ₹15,000 crore in growth capital expenditure during FY26 across aluminium, zinc, oil and gas and emerging businesses to strengthen future earnings potential.
In his message to shareholders, Agarwal said the group remains focused on scale, cost leadership, disciplined capital allocation, technology integration and AI-led operational efficiency, while continuing investments in environmental sustainability, safety and community development.
