Vedanta Competitors: who it competes with and how it compares
Reviewed by the editorial team · Updated 5 Nov 2026 · Last verified 5 Nov 2026 · 1 min read
Quick answer
Vedanta's main rivals are Hindalco and NALCO in aluminium, ONGC in oil and gas and Glencore in zinc. Its FY26 aluminium output of 2,456 thousand tonnes compares with Hindalco's 1,350 thousand tonnes of Indian shipments 2226.
Founded1976, Mumbai (then Bombay)
StatusListed
Listed onBSE, NSE (Vedanta Limited): VEDL (NSE), 500295 (BSE)
Vedanta's competitive landscape
Vedanta works in several commodity markets, so its rivals differ by business.
Hindalco's revenue includes its global Novelis business, so it is not directly comparable 26.
Oil and gas
State-owned ONGC produced 18.35 million tonnes of crude and 19.53 billion cubic metres of gas in FY26 28. Vedanta's oil and gas business produced 87.2 thousand barrels of oil equivalent a day, gross operated 23.
Zinc
Glencore produced 969.4 thousand tonnes of own-sourced zinc in 2025 29. Vedanta's Zinc India produced 1,114 thousand tonnes of mined metal in FY26, and Zinc International 225 thousand tonnes 22. Hindustan Zinc's cost was $703 a tonne in the September 2026 quarter 25.
Copper
The chairman's FY26 letter says Vedanta holds about 35% of India's copper market 24.
Strengths and risks
ICRA and CRISIL rate Vedanta Limited AA+ with a stable outlook 35. Its parent's debt fell to $5.2 billion in March 2026 34. The group still faces scrutiny over its parent's finances, as raised by Viceroy Research in 2025 36.
Frequently asked questions
Hindalco and NALCO in aluminium, ONGC in oil and gas, and global miners such as Glencore in zinc.
It produced 2,456 thousand tonnes in FY26, more than Hindalco's 1,350 thousand tonnes of Indian upstream shipments.
