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Vedanta has announced to demerge its surplus real estate assets accumulated at prominent locations across India into Vedanta Property Platforms (VPPL). The proposed demerger will enable to unlock value out of these surplus assets.
The demerger is planned to be a vertical split, wherein for every 20 shares of Vedanta, the shareholders of Vedanta will receive 1 share of VPPL.
The surplus real estate portfolio to be demerged comprises of ~ 2,200 acres of industrial land and ~ 55,000 sq feet for residential/ commercial properties.
Consolidated revenue for the period under review was Rs 23,456 crore, up 51% YoY driven by higher LME, premiums, and forex gain.
EBITDA increased by 98% YoY to Rs 8,469 crore while EBITDA margin expanded 985 basis points YoY to 57%.
Profit before tax in Q1 FY27 stood at Rs 7,189 crore, up by 145% from Rs 2,933 crore in Q1 FY26.
As on 30 June 2026, gross debt was Rs 28,291 crore while net debt was Rs 8,299 crore.
Arun Misra, executive director, Vedanta, said: 'We have delivered a strong start to FY27, with robust performance across all business segments of demerged Vedanta. Zinc India registered its highest-ever first-quarter mined metal production.
FACOR delivered its highest-ever quarterly ore production and EBITDA. Copper India recorded its highest first-quarter sales in eight years. Zinc International continued to build momentum at Gamsberg, with Phase-1 output rising sequentially and Phase-2 on track to commence this quarter.
This consistent operational execution across our portfolio reflects the strength of our underlying asset base and our continued focus on volume growth, cost efficiency and value creation.'
In a separate filing, Vedanta has announced to demerge its surplus real estate assets accumulated at prominent locations across India into Vedanta Property Platforms (VPPL). The proposed demerger will enable to unlock value out of these surplus assets.
The surplus real estate portfolio to be demerged comprises of 2,200 acres of industrial land and 55,000 square feet for residential/ commercial properties.
Anil Agarwal, chairman of Vedanta Group, stated: 'This is yet another exciting announcement from Vedanta. After the recent success of the five-way demerger creating 'pure-play' entities across oil and gas, aluminium, power, and steel, we plan to demerge the surplus real estate assets into an independent 'pure-play” company to unlock significant value for the stakeholders.'
Vedanta is a step-down subsidiary of Vedanta Resources. Vedanta houses the Group’s base metals portfolio, including Zinc India, Zinc International, copper and other emerging businesses such as nickel. The entity, through its subsidiary Hindustan Zinc, is among the largest producers of zinc, lead and silver, commanding a strong market position in India.
The scrip rose 1.17% to end at Rs 267.60 on the BSE today.
Vedanta Ltd dropped for a fifth straight session today. The stock is quoting at Rs 251.7, down 2.4% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.83% on the day, quoting at 24273.6. The Sensex is at 77983.71, up 1.03%.Vedanta Ltd has lost around 17.75% in last one month.Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has eased around 4.77% in last one month and is currently quoting at 12495.9, down 0.84% on the day. The volume in the stock stood at 111.57 lakh shares today, compared to the daily average of 256.23 lakh shares in last one month.
The benchmark July futures contract for the stock is quoting at Rs 251.85, down 2.7% on the day. Vedanta Ltd jumped 50.87% in last one year as compared to a 2.78% slide in NIFTY and a 31% spurt in the Nifty Metal index.
The PE of the stock is 7.59 based on TTM earnings ending March 26.
Vedanta incorporated a wholly owned subsidiary, Vedanta Property Platforms (VPPL) in Mumbai, Maharashtra, to undertake real estate business and ancillary activities.
Life Insurance Corporation of India’s chief financial officer (CFO), Sunil Agarwal has resigned from the position to pursue better prospects.
Embassy Development has signed a strategic Memorandum of Understanding (MoU) with the Uttar Pradesh government. Under MoU, entails a heavy capital investment of Rs 1,500 crore to develop premium real estate projects in the high-growth Lucknow corridor.
Jubilant Pharmova‘s wholly owned subsidiary, Jubilant Generics (JGL) has received an order from the Income Tax Department rectifying tax adjustments for the assessment year 2023-24. The adjustments have been reduced to Rs 42.41 crore from Rs 107.89 crore.
The proposed transaction is reported to include a 90-day lock-up period on Twin Star Holdings' remaining stake in the company.
As of 31 March 2026, Twin Star Holdings held a 40.02% stake in Vedanta, while the overall promoter group owned 56.38% of the company.
The transaction comes shortly after Vedanta completed a major corporate restructuring exercise involving the listing of its demerged aluminium, oil and gas, power, and iron and steel businesses.
The demerger, one of the largest undertaken by an Indian corporate group, is aimed at creating independent sector-focused entities and unlocking shareholder value across the diversified natural resources conglomerate.
Vedanta is India's leading diversified natural resources company. The company's consolidated net profit jumped 88.51% to Rs 9,352 crore on 47.48% increase in revenue from operations to Rs 24,609 crore in Q4 FY26 over Q4 FY25.
Epack Durable Ltd, National Aluminium Company Ltd, New India Assurance Company Ltd and Jindal Steel Ltd are among the other losers in the BSE's 'A' group today, 23 June 2026.
Vedanta Ltd crashed 7.76% to Rs 282.15 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 115.58 lakh shares were traded on the counter so far as against the average daily volumes of 14.73 lakh shares in the past one month.
Epack Durable Ltd tumbled 6.83% to Rs 236. The stock was the second biggest loser in 'A' group.On the BSE, 1.89 lakh shares were traded on the counter so far as against the average daily volumes of 84136 shares in the past one month.
National Aluminium Company Ltd lost 6.80% to Rs 352.3. The stock was the third biggest loser in 'A' group.On the BSE, 9.37 lakh shares were traded on the counter so far as against the average daily volumes of 5.1 lakh shares in the past one month.
New India Assurance Company Ltd slipped 5.89% to Rs 199.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 12.58 lakh shares were traded on the counter so far as against the average daily volumes of 6.53 lakh shares in the past one month.
Jindal Steel Ltd corrected 4.67% to Rs 1079. The stock was the fifth biggest loser in 'A' group.On the BSE, 69584 shares were traded on the counter so far as against the average daily volumes of 59826 shares in the past one month.
Vedanta Power listed at Rs 41.80 on the NSE and Rs 41.30 on the BSE, while Vedanta Oil & Gas debuted at Rs 38 and Rs 39, respectively.
Vedanta Iron & Steel started trading at Rs 20 on the NSE and Rs 22.25 on the BSE.
The residual Vedanta was trading down 0.9% at Rs 307 on the NSE. Based on the prevailing prices of all five entities, the aggregate value for shareholders worked out to about Rs 909 per original Vedanta share, exceeding the company's pre-demerger closing price of Rs 773.60 recorded on 29 April.
The aluminium business emerged as the biggest contributor to the group's overall valuation, reflecting investor confidence in its scale, operational profile and growth prospects. Traders widely viewed the aluminium unit as the crown jewel of the Vedanta portfolio ahead of the listings.
Under the approved demerger scheme, shareholders received one share each of Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas and Vedanta Iron & Steel for every share held in Vedanta.
The demerger, approved by the National Company Law Tribunal in December 2025, is aimed at creating sector-focused businesses with independent management structures and capital allocation frameworks. The move is expected to improve transparency and enable investors to assess each business on a standalone basis.
The newly listed companies represent Vedanta's aluminium, oil and gas, power, and iron and steel operations, while Vedanta continues to hold its stake in Hindustan Zinc and other businesses.
Vedanta Ltd fell for a fifth straight session today. The stock is quoting at Rs 326.45, down 0.53% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 23353.3. The Sensex is at 74101.32, down 0.33%.Vedanta Ltd has gained around 7.42% in last one month.Meanwhile, Nifty Metal index of which Vedanta Ltd is a constituent, has increased around 3.46% in last one month and is currently quoting at 13535.2, down 0.71% on the day. The volume in the stock stood at 88.87 lakh shares today, compared to the daily average of 385.97 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 328.7, down 0.59% on the day. Vedanta Ltd jumped 98.64% in last one year as compared to a 5.65% slide in NIFTY and a 45.58% spurt in the Nifty Metal index.
The PE of the stock is 70.59 based on TTM earnings ending March 26.