What does Vedanta do?
Vedanta is the metals, mining and energy group built by Anil Agarwal, which grew out of a scrap metal business he started in Bombay in 1976 110. The London-based parent, Vedanta Resources, controls India-listed Vedanta Limited, whose businesses have covered zinc, aluminium, oil and gas, power, iron ore and copper 104.
The 2026 demerger
Vedanta Limited’s demerger took effect on 1 May 2026. Shareholders received one share each in Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron and Steel, which began trading on 15 June 2026 34. Vedanta Limited kept zinc, through Hindustan Zinc, and copper 15. On listing day the five companies together were worth about ₹3.55 lakh crore, against ₹3.02 lakh crore before the split 14. See Vedanta’s businesses.
How big is Vedanta?
Before the demerger, FY26 consolidated revenue rose to ₹1,74,075 crore, EBITDA to ₹55,976 crore and profit to ₹25,096 crore 22. The group produced a record 2,456 thousand tonnes of aluminium and 1,114 thousand tonnes of mined zinc metal in India 22. Vedanta Resources cut its debt to $5.2 billion in March 2026 from $9.1 billion four years earlier, and Moody’s upgraded it to Ba3 34. See Vedanta’s finances.
Who owns Vedanta?
Agarwal and his family control Vedanta Resources through Volcan Investments 210. The promoter group held 54.72% of Vedanta Limited in the September 2026 quarter 6. Vedanta Limited owns about 60% of Hindustan Zinc, where the government holds 27.92% 9. See who owns Vedanta.
History
The group bought a majority of state-owned BALCO in 2001 and control of Hindustan Zinc in 2002 1011. Vedanta Resources listed in London in 2003, bought Sesa Goa in 2007 and Cairn India in 2011, and was taken private in 2018 10. See the history of Vedanta.
Who runs it?
Anil Agarwal is non-executive chairman of Vedanta Limited, Navin Agarwal is executive vice chairman, and Arun Misra became chief executive in August 2026 1716. See Vedanta leadership.
Controversies
In May 2018, 13 people were killed in police firing during protests against the Sterlite copper smelter at Thoothukudi, which was then shut; the Supreme Court dismissed Vedanta’s appeal against the closure in February 2024 12. In July 2025 the short seller Viceroy Research accused Vedanta Resources of draining its Indian subsidiary; Vedanta called the report a malicious mix of selective misinformation and baseless allegations 36.
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