Vedanta Limited has informed the Exchange regarding 'Investor Presentation outlining our capital expenditure plans and its potential impact on business performance'.
VEDL · price
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Awaiting price reaction for this filing.
Vedanta has shared an investor presentation detailing ~$10 billion (₹81,743 crore) of capex currently under implementation across its 5 business segments: Aluminium, Zinc, Oil & Gas, Iron & Steel, and Power. Major projects include expanding Aluminium smelting capacity from 2.4 to 3.1 MTPA, Zinc India smelting to 1.38 MTPA by FY29, Oil & Gas production to 125–150 kboepd, Steel capacity to 3.5 MTPA, and Merchant Power to 4.78 GW by FY26. The company targets cost of production reductions of 24% in Aluminium, 23% in Zinc India, and 26% in Zinc International, aiming for top-decile and top-quartile positions on global cost curves. Management has guided for a record consolidated EBITDA of $8–10 billion in the medium term, implying an 18% CAGR from FY25 levels. Large share of new capacity is set to commission in FY26 and FY27.
Positive for shareholders as the presentation provides clear multi-year growth visibility with rising volumes, falling unit costs, and a roadmap to record EBITDA, likely to be viewed favorably by the market. However, execution risk on the large capex and commodity price assumptions remain key sensitivities.