Vedanta Group has completed its demerger, with Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power commencing trading as separately listed companies on the Bombay Stock Exchange and National Stock Exchange.
The restructuring is intended to unlock value, sharpen operational focus and provide each business with greater flexibility for investment and expansion. Vedanta Aluminium begins operating independently as India’s largest aluminium producer and the third largest outside China. The company plans to double its production capacity to 6 million tonnes per year. The announcement did not include any specific production, investment or asset changes relating to Vedanta’s zinc business.
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