VAML Approves ₹165 Crore Investment in 150 MW BESS Project with Serentica Renewables
Vedanta Aluminium Metal Limited (VAML) approved a ₹165 Crore investment for a 26% stake in a 150 MW Battery Energy Storage System (BESS) project with Serentica Renewable India 9 Private Limited (SRI9PL). This RTC renewable power solution aims to reduce reliance on conventional power and supports decarbonization goals. The project is funded 70:30 debt-to-equity and will supply power for 25 years.
The investment of ₹165 Crore is significant, and the integration of a 150 MW BESS project is expected to have a notable impact on the company's energy procurement strategy and environmental footprint. However, it is a minority stake and part of a larger group strategy, hence not classified as high impact.
The announcement details a strategic investment in renewable energy infrastructure, which aligns with the company's ESG initiatives and decarbonization roadmap. This is viewed as a positive step for long-term operational efficiency and sustainability.
Vedanta Aluminium Metal Limited (VAML) announced today, July 30, 2026, that its Board of Directors has approved the execution of definitive agreements with Serentica Renewable India 9 Private Limited (SRI9PL). This collaboration aims to integrate a 150 MW Battery Energy Storage System (BESS) with a 95% assured supply, Round-The-Clock (RTC), utilizing the existing 600 MW Solar Power Delivery Agreement (PDA). This initiative will convert the current solar power arrangement into an RTC renewable power solution, bolstering VAML's renewable energy transition and decarbonization goals.
As part of a Group Captive structure, VAML proposes to invest ₹165 Crore, representing a 26% stake in the project, in compliance with applicable regulations. The BESS project will be developed on a Build-Own-Operate-Maintain (BOOM) basis, with power supplied under a long-term arrangement for 25 years from commissioning. The Special Purpose Vehicle (SPV) is expected to commence power delivery within 12 months of the PDA signing. The project will be funded through a 70:30 debt-to-equity ratio.
SRI9PL, incorporated on September 30, 2022, is an SPV focused on developing renewable energy projects in India. Its revenue generation is slated to begin from FY 2026-27. The investment by VAML is considered an arm's length transaction, with the tariff independently benchmarked by a third party. This strategic move aims to reduce VAML's dependence on higher-cost conventional power.
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Vedanta Aluminium Metal Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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