Vedanta Oil & Gas, Vedanta Iron & Steel, Vedanta Power shares crash up to 8% post Q1 updates; Vedanta Aluminium rises

Three of the four Vedanta demerged entities, Vedanta Oil & Gas, Vedanta Iron & Steel, and Vedanta Power, saw their shares fall between 4.5% and 8% on Monday after releasing mixed Q1 FY27 business updates. Vedanta Oil & Gas reported a 17% YoY decline in gross oil and gas production to 7.1 million boe, while Vedanta Power posted a 38% YoY rise in power sales to 5,225 million units but a 6% sequential decline, partly hit by a boiler incident at Sakti Thermal Plant on April 14. Vedanta Iron & Steel reported a 4% YoY rise in saleable iron ore production to 2.6 million DMT. Only Vedanta Aluminium Metal gained over 1% after notching its highest-ever quarterly aluminium output of 6.32 lakh tonnes, up 5% YoY.