Vedanta Resources has successfully raised $400 million through a follow-on bond tap issue, bringing the company's total bond fundraising to $2.15 billion. As reported by The Economic Times, the company issued triple-maturity bonds that were originally priced in June this year. The latest funding follows a $1.75 billion three-tranche issuance of dollar bonds in late June, which was part of Vedanta's strategy to retire high-cost debt of approximately $2 billion. The new bonds will replace existing securities that were issued at a higher cost of 9.20% to 9.50% and were maturing in 2030, 2032, and 2033. According to sources familiar with the details, this refinancing effort successfully reduces borrowing costs and extends the maturity of Vedanta's outstanding debt.
Vedanta shares traded 0.84% higher at ₹270.25 apiece on the NSE at 12:23 PM on Tuesday, September 8, while Hindustan Zinc, the subsidiary of Vedanta Ltd, was trading 1.16% higher at ₹596. According to reports from The Economic Times, among newly demerged entities, Vedanta Oil and Gas was down 0.3% at ₹36.83, and Vedanta Iron And Steel shares were down 0.58% at ₹34.44 apiece on the NSE. Vedanta Aluminium Metal shares were trading 0.25% higher at ₹440 and Vedanta Power was up 0.82% at ₹34.40. The benchmark indices were trading with notable losses, with the S&P BSE SENSEX falling 383 points to close at 76,133 and the NIFTY50 declining nearly 119 points to end at 23,779. The decline came as a fresh escalation in the US-Iran conflict drove oil prices higher, adding to inflation concerns and weighing on investor sentiment.
The metals and mining major reported a 71.8% rise in consolidated net profit at ₹5,473 crore in the quarter ended June 2026 (Q1 FY27), citing higher sales amid rising global metal prices and a lower exchange rate of the rupee. As reported by The Economic Times, in the year-ago period, the Anil Agarwal-led company posted a consolidated net profit of ₹3,185 crore. Revenue from operations during the first quarter of FY27 rose by 53.6% to ₹24,205 crore from ₹15,754 crore a year ago. Expenses during the reporting quarter rose to ₹17,558 crore from ₹13,203 crore recorded in the year-ago period. The company said that finance cost was higher by 9% YoY but lower by 5% QoQ.
Vedanta Aluminium has announced strategic partnerships with major technology companies to unlock up to ₹2,100 crore in value through AI, digitalisation and automation technologies. According to The Hindu BusinessLine, the company partnered with OpenAI for generative AI and intelligent agents, Microsoft for cloud, AI and enterprise transformation, SAP for integrated enterprise processes, AVEVA for industrial data and advanced analytics, Rockwell Automation for smart manufacturing, Thoughtworks for digital engineering, and Fives for aluminium process technologies. Additional partnerships include Ripik.AI for industrial vision, XYMA for high-temperature asset monitoring, Faclon for industrial intelligence, DesignX for AI-enabled factory workflows, DigitalPaani for industrial water optimisation, AutoVRse for immersive workforce training, Enmovil for AI-led logistics, and ideaForge for drone-based industrial intelligence. The collaborations will focus on technical evaluation, data integration, pilot deployment and scale-up potential across Vedanta Aluminium's operations spanning the world's largest alumina refinery in Lanjigarh, Odisha, and the world's largest single-location aluminium plant in Jharsuguda, Odisha.
According to reports from The Economic Times, Vedanta Chairman Anil Agarwal unveiled an ambitious growth roadmap in July 2026, saying the company will nearly treble zinc and lead production, double silver output, and accelerate exploration of critical and strategic minerals including lithium and rare earths, while committing $5 billion in investments to expand its oil and gas business. Speaking at the AGM, he said the company plans to nearly treble zinc and lead output to 3 million tonnes by 2031, double silver production to 1,500 tonnes, and raise copper production to 1 million tonnes by the end of the decade. Vedanta Aluminium would double its capacity to 60 lakh tonnes per year within three years and aims to operate at the lowest cost globally.
In August 2026, Vedanta Ltd said the company has deployed portable rigs at two of its exploration projects in Chhattisgarh, as reported by The Economic Times. The company has commissioned India's first portable rig for gold and critical mineral exploration. The rigs have been deployed at two of Vedanta's flagship exploration projects in Chhattisgarh dedicated to gold and exploration of critical minerals such as nickel, chromium, and platinum group elements. The rigs can carry out high-speed drilling up to 1,000 metres compared to the typical 300-400 metre range, without losing precious time in inter-location movement.
