Vedanta Power Debuts on D-Street, To Expand to 12 GW by FY33
By Tapaswini Sahoo
Bhubaneswar/Odisha, June 19 : Vedanta Power Limited (VPL),one of India’s leading power generation businesses, marked a defining milestone in its growth journey with the listing of its shares on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE). Commencing its journey as an independent listed company, it began trading with BSE Scrip: 544781 & NSE Scrip: VEDPOWER.
The historic listing ceremony on 15th June was led by Vedanta Group Chairman Anil Agarwal, formally marking Vedanta Power Limited’s debut on the Indian Stock Exchanges and chartering an exciting new chapter of growth, value creation, and nation-building. He was joined by Priya Agarwal Hebbar, Chairperson, HZL & Non-Executive Director, Vedanta Limited, Akarsh Hebbar, President, Vedanta Group and Navin Agarwal, Vice Chairman, Vedanta Ltd. The ceremony was also attended by Rajinder Singh Ahuja, Whole-Time Director& CEO, Vedanta Power Limited, and Pankaj Jha, CFO, Vedanta Power Limited, alongside senior leaders from across the Vedanta Group.
The listing marks an important inflection point for Vedanta Power as a focused, independent business built on a strong operational foundation and positioned to support India’s rapidly growing energy demand. Withpower remaining central to the country’s industrial expansion, infrastructure development, self-reliance ambitions and long-term economic progress, the Company is well placed to play a critical role in strengthening India’s energy security with reliable power.
The other newly demerged and listed businesses- Aluminium, Oil & Gas, and Iron &Steel, also commenced trading on the exchanges alongside Vedanta Power.
Speaking on theoccasion, Mr. Anil Agarwal, Chairman, Vedanta Group, said:
“24 years ago, Vedanta became the first Indian company to list on the London Stock Exchange and went on to become a FTSE100 company. The seed we sowed that day has grown into a vast banyan tree, and the saplings nurtured under it are now ready to become giants in key sectors and contribute significantly to India’s rapid growth.
Tomorrow’s economy, with AI, advanced manufacturing and energy transition at the forefront, is going to be highly energy, mineral and metals intensive. Today, India imports 50 percent of its requirements. Tomorrow we must be self-sufficient.
The companies of Vedanta Group, listed independently, will play a significant role in bridging the huge demand-supply gap for these vital raw materials. These companies have been built to serve the nation for generations, create long-term value for shareholders, strengthen India’s self-reliance and support its ambition of Viksit Bharat. The next chapter of Vedanta’s growth cannot be written by us alone. It will require the trust of our shareholders, the support of the government, and the aspirations and partnership of 1.5 billion Indians. There is no place like India. And this is India’s time.”
Reliable, large-scale power infrastructure will remain integral to meeting India’s growing energy requirements. With currently 4.78 GW of total capacity (4.18 GW operational, 0.6 GW under commissioning)across Punjab, Andhra Pradesh, Odisha and Chhattisgarh, Vedanta Power is India’s fifth-largest private thermal power producer. The business is anchored by strong operating fundamentals, with 74% of capacity secured through long- and medium-term power purchase agreements and 85% domestic coal security linkages across operational capacity, providing a stable foundation to deliver reliable power at scale and support the nation’s development priorities.
Vedanta Power is being scaled to provide reliable baseload power to support the needs of the world’s fastest-growing major economy. With India’s power capacity requirementprojected to double over the next decade and reach 1121 GW by FY36, the company sees a significant opportunity to contribute to the country’s growth ambitions.
Backed by a clear growth roadmap, Vedanta Power is focused on enhancing operational excellence, expanding capacity efficiently and building a long-term power platform for India. The company plans to scale its capacity to 20 GW, with the long-term ambition to be among the top three private-sector power companies in the country. As part of this journey, Vedanta Power expects to commission the second 600 MW unit at its Sakti plant in H2 FY27 and increase total capacity to 12 GW by FY33. A significant portion of this expansion is expected to be driven through brownfield projects, leveraging existing infrastructure and operational advantages.
The company believes coal will continue to play an important role in India’s energy mix for decades to come, co-existing alongside renewable and clean energy sources. In parallel, Vedanta Power, currently a pure-play thermal player, is evaluatingfuture growth opportunitiesacrosshydro, battery storage andnuclear power as part of its long-term diversification strategy. The Company recognizes nuclear energy’s potential as a clean, reliable 24×7 power source and a key enabler of India’s energy transition.
