Vedanta Power Ltd Debuts at ₹41.80 on NSE After Demerger, June 21

Vedanta Power Ltd began trading on June 15, 2026, at ₹41.80 on the NSE and ₹41.30 on the BSE as part of Vedanta’s landmark demerger. The power business is one of four resulting companies created from the vertical split of the parent conglomerate. Shareholders received one share in each new entity for every Vedanta share held. The demerger unlocked nearly ₹50,000 crore in market value on listing day.

How the Demerger Worked

The National Company Law Tribunal approved the composite scheme in December 2025 and January 2026. For every Vedanta share held on May 1, 2026, shareholders received one equity share each in Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel. Consolidated debt of ₹73,853 crore was split across the four entities based on their cash-generating capacity. All four companies listed on June 15, 2026, and were placed in the Trade-for-Trade segment for ten trading sessions to ensure orderly price discovery.

Market Impact and Valuation

The demerger represented one of India’s largest corporate restructuring exercises. The pre-demerger Vedanta had a market cap of ₹2.82 lakh crore and enterprise value of ₹3.50 lakh crore. On listing day, the four resulting companies achieved a combined sum-of-the-parts valuation of ₹936 per original Vedanta share, exceeding the pre-demerger closing price of ₹773.60 on April 29, 2026. Vedanta Aluminium Metal emerged as the strongest performer, debuting at ₹522 on the NSE and ₹527 on the BSE, reflecting investor confidence in its scale and growth prospects.

Why Vedanta Split Into Four Companies

The demerger created sector-focused businesses with independent management structures and capital allocation frameworks. Each company now operates in aluminium, power, oil and gas, or iron and steel. The move improves transparency and allows investors to assess each business on a standalone basis. Parent Vedanta retains its stake in Hindustan Zinc and other operations. The restructuring enables each entity to pursue tailored growth strategies suited to its industry dynamics.

Broader Market Context

The demerger completed as Indian equities rallied on easing geopolitical tensions. The NIFTY50 surged 390.20 points, or 1.7%, in the week ended June 19, 2026, while the BSE SENSEX gained 1,274.95 points, or 1.7%. Crude oil prices eased and global markets strengthened following a US-Iran peace agreement announced on June 15. However, Vedanta Ltd itself fell as a loser in the Nifty 500 during the week, declining 0.53% to ₹326.45 on June 21.

Final Thoughts

Vedanta Power Ltd’s debut marks a turning point for investors seeking pure-play exposure to India’s power sector. The demerger unlocked ₹50,000 crore in value and created four independently listed businesses with distinct growth profiles.

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