MUMBAI: Vedanta Group Chairman Anil Agarwal hailed the listing of four newly demerged Vedanta companies on the BSE and NSE as a historic milestone, saying it marked the next phase of the group’s growth journey.
Vedanta Group marked a major milestone with the listing of Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power as independent entities. The demerger creates a portfolio of focused businesses across strategic metals, critical minerals, aluminium, oil and gas, power, and iron and steel sectors.
Reflecting on the group’s journey, Agarwal said Vedanta became the first Indian company to list on the London Stock Exchange 24 years ago and later entered the FTSE 100 index. He said the foundation laid then had grown into a large enterprise, with the newly listed companies now positioned to become leaders in their respective sectors and contribute to India’s growth and self-reliance ambitions.
Agarwal said he was delighted that while Vedanta’s first listing took place in London, the next phase of the group’s growth was being unveiled in India, where its business journey began.
He said the demerger and listing were aimed at unlocking value, sharpening business focus and creating sector-specific leaders aligned with India’s emergence as a global economic and manufacturing powerhouse.
Highlighting the group’s performance, Agarwal said Vedanta had delivered a total shareholder return of more than 300 per cent over the last five years, along with a cumulative dividend yield of over 70 per cent.
He said the economy of the future, driven by artificial intelligence and advanced technologies, would depend heavily on minerals, metals and energy. Noting that India imports around 50 per cent of its requirements in these sectors, he stressed the need for greater self-sufficiency.
Speaking on the occasion, BSE Managing Director and CEO Sundararaman Ramamurthy compared Vedanta’s journey to the ancient Indian story of Samudra Manthan, saying the company had focused on unlocking natural resources to support India’s development and self-reliance.
At the NSE Closing Bell Ceremony, NSE Managing Director and CEO Ashish Kumar Chauhan welcomed the newly listed companies and said the exchange was proud to provide a platform that enables companies to grow, investors to participate in that growth and the economy to thrive.
