Vedanta Chief Financial Officer Ajay Goel said the conglomerate aims to list its four planned demerged units on stock exchanges by mid-May. The natural resources group is nearing the end of a planned restructuring, which won approval from the National Company Law Tribunal in December after initial government pushback.
“We intend to make demerger effective from April 1, and it will take maybe four to six weeks, so mid of May all the five companies will get listed,” Vedanta Ltd. Chief Financial Officer Ajay Goel said in an interview with Reuters.
Goel also said US President Donald Trump’s move last year to double tariffs on aluminium imports to 50 per cent has been of “insignificant” impact on the company, offset by strong domestic demand in India.
Vedanta’s demerger structure
Vedanta’s restructuring will spin off four businesses – steel and ferrous metals, oil and gas, aluminium, and power – into separately listed companies, while its base metals unit will remain with the parent.
First announced in 2023, the plan was designed to support growth as its UK-based parent Vedanta Resources carried heavy debt, which it has since reduced significantly.
Earlier, Vedanta’s Chairman Anil Agarwal stated that the demerger was chosen over asset sales or alternative restructuring to unlock the full growth potential of each business, including zinc, aluminium, oil and gas, power, and iron ore and steel, amid strong and rising demand, particularly in India.
The Rs 48,000 crore of debt on Vedanta’s books will be allocated to the demerged entities based on their respective cash flows. Each company will have an independent board and professional management, and promoters will hold around 50 per cent stake without involvement in day-to-day operations, Agarwal said, adding that aggressive capital expenditure and regular dividend payouts will continue post-demerger.
Vedanta Q3 results
Vedanta reported a 61 per cent profit growth in the third quarter of FY26. The company posted a consolidated net profit of Rs 5,710 crore in Q3 FY26. The company’s revenue in Q3 FY25 was at Rs 3,547 crore.
Vedanta reported 37 per cent YoY revenue growth in the quarter. The company posted a consolidated revenue of Rs 23,369 crore from its operations in Q3 FY26. Its consolidated revenue in the corresponding quarter of the previous fiscal year was at Rs 17,063 crore.