Vedanta Aluminium Listed on Stock Exchanges, to Double Capacity by 2029
Vedanta Aluminium Metal Ltd. (VAML), India’s largest producer of aluminium products, has been listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Alongside its market debut, the company has also announced plans to double its aluminium production capacity from 30 Lakh Tonnes Per Annum (LTPA) to 60 LTPA by late 2029.
Vedanta Aluminium Listed Through Demerger, Not an IPO
Vedanta Aluminium commenced trading on the stock exchanges on 15th June 2026, with its shares listing at Rs. 522 per share on the NSE and Rs. 527 per share on the BSE.
Notably, Vedanta Aluminium did not raise capital through an Initial Public Offering (IPO). The company entered the public markets through a corporate demerger, meaning there was no fresh issue of shares. Apart from Vedanta Aluminium, Vedanta has also demerged its business into four other independent entities, each focused on a distinct segment. These include Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and the residual entity, Vedanta Limited, which will continue to function as the parent company.
Vedanta Plans Rs. 1.28 Lakh Crore Investment for Capacity Expansion
To achieve its target of 60 LTPA production capacity, Vedanta Aluminium will develop a 30 LTPA mega aluminium complex in Dhenkanal, Odisha. The project will involve the construction of both an alumina refinery and an aluminium smelter.
The plant is being developed with an investment of approximately Rs. 1.28 lakh crore and is expected to become one of the largest aluminium manufacturing projects in the country. For the project, the Odisha government has allotted more than 1,447 acres of land in Dhenkanal.
Once operational, the project is expected to generate over 2 lakh direct and indirect employment opportunities.
Expansion to Strengthen Vedanta’s Position in Aluminium Market
The capacity expansion will strengthen Vedanta Aluminium’s position among the world’s leading aluminium producers outside China. The company is seeking to capitalise on growing demand for aluminium across infrastructure, transportation, renewable energy, and manufacturing sectors.
Also, according to various reports, the Indian aluminium market is expected to witness healthy growth in the coming years. A report by TechSci Research projects the market to grow at a CAGR of 6.27%, from USD 6.70 billion in 2024 to USD 13.77 billion by 2030.