Vedanta Limited: Chairman's Speech at 61st AGM Highlights Record FY26 Performance & Demerger Success
Vedanta Limited reported record FY26 revenue of ₹1,74,075 crore and profit of ₹25,096 crore at its 61st AGM. The company completed a demerger, listing four new entities. Significant production scale-ups are planned across zinc, lead, silver, copper, aluminium, oil & gas, steel, and power businesses. Investments include $5 billion in oil & gas over 3-5 years.
The announcement details a landmark financial year, a major corporate restructuring (demerger), and substantial future growth targets across key commodities and energy sectors, which are expected to significantly impact the company's valuation and market position.
The Chairman's speech highlights record financial performance, successful strategic demerger, ambitious growth plans across multiple business segments, and significant contributions to the national exchequer and social initiatives, all indicating a strong positive outlook.
Vedanta Limited held its 61st Annual General Meeting (AGM) on July 14, 2026, via Video Conferencing. Chairman Anil Agarwal delivered a speech highlighting a landmark fiscal year 2025-26, marked by record revenue of ₹1,74,075 crore, a profit of ₹25,096 crore, and an EBITDA of ₹55,976 crore.
The company successfully completed a significant demerger, listing four new pure-play companies on stock exchanges, which is expected to unlock value and allow each business to pursue its ambitions with greater focus. The Chairman emphasized that this is just the beginning of creating shareholder value.
Looking ahead, Vedanta Limited, with its 61% holding in Hindustan Zinc, aims to nearly triple its zinc and lead production from approximately 1.3 million tonnes to 3 million tonnes, and double silver production from 700 tonnes to 1,500 tonnes. The copper business is targeted to scale up from 300,000 tonnes towards 1 million tonnes. Ferrochrome capacity is set to grow from 145,000 tonnes to 500,000 tonnes by FY 2028, and nickel expansion aims for 60,000 tonnes. Additionally, the company has been assigned 10 critical and strategic mineral blocks, with exploration underway in five.
The demerged entities are also pursuing significant growth. Vedanta Aluminium (VAML) plans to double its capacity to 60 lakh tonnes per year within three years. Vedanta Oil and Gas (VOGL) aims to produce 500,000 barrels per day with a $5 billion investment over the next 3-5 years. Vedanta Iron and Steel (VISL) targets increasing steel production from 4 million tonnes to 15 million tonnes annually, focusing on green and specialty steel. Vedanta Power (VEDPOWER) plans to expand its thermal power capacity from 4,200 MW to 20,000 MW and will venture into nuclear power.
The company is embedding technology across all its businesses to enhance exploration, operations, sustainability, safety, and productivity. Vedanta also highlighted its significant contribution to India's exchequer, over ₹62,000 crore in the past year and nearly ₹5,00,000 crore over the decade. The Nand Ghar initiative, a social impact program, aims to benefit 10 crore women and children across India.
Vedanta's workforce of 1 lakh is a key asset, with a focus on empowering women. Over 27% of leadership positions are held by women, with a target to increase this to 35%. The Chairman expressed optimism about Vedanta's future, emphasizing its role in building India's future through resource security, import substitution, and job creation.
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