Vedanta Limited is a diversified natural resource group engaged in exploring, extracting, and processing minerals and oil & gas. The group engages in the exploration, production, and sale of zinc, lead, silver, copper, aluminium, iron ore, and oil & gas. The company is headquartered in Mumbai and represents one of India's largest multinational mining companies, with operations spanning across multiple continents.
Vedanta Limited is one of the world's foremost natural resources conglomerates, with primary interests in aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferro alloys, nickel, semiconductor, and glass. With world-class strategic assets based across India, South Africa, Namibia, and Liberia, the company is well-positioned to create long-term value with superior cash flows.
The company's transformation journey began in the 1980s when founder D.P. Agarwal established Sterlite Industries (India) Limited in Mumbai and began acquiring mining concessions across different states of India. Over the decades, Vedanta has expanded through strategic acquisitions and mergers, including the merger of Cairn India with Vedanta Limited in April 2017, consolidating its position as one of the largest diversified natural resources companies in the world.
Vedanta has a presence across India, South Africa, Namibia, Ireland, Liberia, & UAE. Its other businesses include commercial power generation, steel manufacturing & port operations in India, and manufacturing of glass substrate in South Korea and Taiwan. Presently, India accounts for approximately 65% of total revenues, followed by Malaysia (9%), China (3%), UAE (1%), and others (22%).
The company's diversified operational footprint provides strategic advantages in terms of resource access, market reach, and risk mitigation. Vedanta Limited spans across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan, and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate, and is foraying into semiconductors and display glass.
Aluminium represents 38% of revenue in 9M FY25 versus 36% in FY23, with the company being India's largest primary aluminium producer, holding a 46% domestic market share. The company operates with an annual smelter capacity of 2.4 million tonnes and runs a 3.5 MTPA alumina refinery in Lanjigarh, Odisha.
The Zinc India business is owned and operated by Hindustan Zinc Limited (HZL), which owns and operates a fully integrated zinc-lead business. HZL is one of the world's largest integrated zinc-lead producers by volume. Sesa Sterlite owns 64.9% of the share capital of HZL, while the Government of India remains an equity partner and holds a 29.5% stake.
Vedanta Limited operates the largest copper smelter in India, located in Tuticorin, which contributes to nearly 50% of Vedanta Limited's profits. The company produces a comprehensive range of copper products, including cathodes, wire rods, and specialized copper products for various industrial applications.
Vedanta Limited currently has a market capitalization of ₹1,79,506 Crore. The company has demonstrated strong financial performance with record consolidated revenue of $17.8 billion in FY25, up 8% year-on-year, while EBITDA for FY25 stood at $5.1 billion, the second highest ever, up 34% year-on-year, and Profit After Tax was $2.4 billion, up 167% year-on-year.
Recent quarterly performance has been particularly impressive. In Q3 FY25, Vedanta reported a 76.2% rise in net profit to ₹3,547 Crore compared to ₹2,013 Crore a year ago, accompanied by a 10% rise in revenue to ₹39,115 Crore from the previous year. The company's consolidated EBITDA stood at ₹11,284 Crore, up 30% from a year ago.
Key financial metrics for recent periods include:
* FY25 Revenue: $17.8 billion (up 8% YoY)
* FY25 EBITDA: $5.1 billion (up 34% YoY)
* FY25 PAT: $2.4 billion (up 167% YoY)
* Q3 FY25 Revenue: ₹39,115 Crore (up 10% YoY)
* Q3 FY25 Net Profit: ₹3,547 Crore (up 76.2% YoY)
Vedanta has long been known for its commitment to returning value to shareholders, with a dividend yield of 5.44%, which is among the highest in the industry. The company has approved a ₹7 interim dividend per share for FY26 and has been actively rewarding shareholders through consistent dividend payments.
Vedanta is pursuing a planned demerger where it aims to split its businesses into four new entities, with the demerger expected to conclude around June-July 2025. This strategic restructuring is designed to unlock value for shareholders and provide greater operational focus for each business segment.
Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and the environment. The company is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition.
Vedanta Limited has been listed in Dow Jones Sustainability World Index 2022, conferred Golden Peacock Award for excellence in Corporate Governance 2022, and certified as a Great Place to Work 2023. The company is listed on the Bombay Stock Exchange and the National Stock Exchange, ensuring transparency and regulatory compliance.
Vedanta's comprehensive approach to natural resources extraction and processing, combined with its strong financial performance and commitment to sustainability, positions it as a significant player in India's industrial landscape and the global natural resources sector.
