Newly listed Vedanta Power announced on Wednesday its evaluation of entering hydro, battery storage, and nuclear energy sectors as part of a comprehensive long-term diversification strategy. According to reports from NDTV, the company recognises nuclear energy as a clean, reliable round-the-clock power source and a key enabler of the country's energy transition. This strategic expansion represents the company's commitment to supporting India's rapidly growing energy demand through multiple clean energy technologies.
The broader market rally on June 17, 2026 provided positive momentum for Vedanta Power and other energy sector stocks. The Nifty Metal index advanced 1%, with major steel players like Tata Steel, Hindalco Industries and JSW Steel gaining on expectations of steady global demand and easing input-cost concerns. Power stocks also participated in the rally, with names like Suzlon and Reliance Industries trading higher. The market optimism was supported by record defence production and exports in FY26, which boosted defence sector sentiment and lifted key counters.
Vedanta Power has outlined ambitious plans to scale its capacity to 20 GW with a long-term ambition to be among the top-three private-sector power companies in the country. According to NDTV, the company expects to commission the second 600 MW unit at its Sakti plant in the second half of FY27 and increase total capacity to 12 GW by FY33. A significant portion of this expansion is expected to be driven through brownfield projects, leveraging existing infrastructure and operational advantages.
Meanwhile, Vedanta Iron & Steel Ltd (VISL) has announced its ambition to become a major resource-backed integrated steel platform, supported by approximately 4 billion tonnes of iron ore reserves providing more than 50 years of raw material security. As reported by Rediff Money, the company is focused on expanding value-added product capacity across high-silicon iron, ductile iron pipes, wire rods and rebars. CEO Pankaj Kumar Sharma stated that VISL's listing marks the beginning of a new growth phase, building one of India's most integrated resource-backed iron ore and steel growth platforms.
India's steelmaking capacity is expected to increase to 300 million tonnes by 2030 against the current installed capacity of 200 MT, supported by sustained investments in infrastructure, railways, energy, defence and urbanisation. With domestic steel demand projected to grow at over 6-8% annually, significantly ahead of global growth rates, the sector is expected to play a central role in India's economic development over the coming decade. VISL operates a diversified portfolio spanning India and Africa, including Sesa Iron Ore, ESL Steel Ltd, and Western Cluster Ltd in Liberia, alongside associated industrial businesses.
