Vedanta moves up on planning to invest Rs 13,226 crore to ramp up aluminium capacity
Vedanta is currently trading at Rs. 471.40, up by 0.60 points or 0.13% from its previous closing of Rs. 470.80 on the BSE.
The scrip opened at Rs. 474.05 and has touched a high and low of Rs. 477.85 and Rs. 470.95 respectively. So far 142336 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.00 on 16-Dec-2024 and a 52 week low of Rs. 362.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 479.90 and Rs. 447.80 respectively. The current market cap of the company is Rs. 184824.49 crore.
The promoters holding in the company stood at 56.38 % while Institutions and Non-Institutions held 27.02 % and 16.59 % respectively.
Vedanta has planned to invest Rs 13,226 crore to ramp up its aluminium capacity to 3.1 million tonnes per annum (MTPA) by FY28. The current capacity of the company is 2.4 MTPA. Vedanta's aluminium capacity will expand to 2.75 MTPA by FY26. Vedanta's aluminium business is supported by fully captive operations. This captive integration is not the global norm and provides Vedanta resilience in a volatile geopolitical environment, while underpinning low-cost manufacturing.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
