Vedanta Power makes stock market debut, charts ambitious path to 12 GW capacity by FY33

THEBUSINESSBYTES BUREAU

MUMBAI, JUNE 17, 2026

Vedanta Power Limited (VPL), one of India’s leading power generation companies, has entered a new era with its debut on the Indian stock markets, marking a major milestone in the Vedanta Group’s ongoing transformation and expansion strategy. As an independent listed entity, Vedanta Power is positioning itself at the heart of India’s rapidly growing energy landscape, backed by ambitious capacity expansion plans, strong operational fundamentals and a long-term vision to strengthen the nation’s energy security.

The company’s shares commenced trading on the BSE Limited and National Stock Exchange of India Limited under BSE Scrip 544781 and NSE Scrip VEDPOWER.

The historic listing ceremony on June 15 was led by Vedanta Group Chairman Anil Agarwal, formally marking Vedanta Power Limited’s debut on the Indian stock exchanges and ushering in a new phase of growth, value creation and nation-building. He was joined by Priya Agarwal Hebbar, 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 and CEO of Vedanta Power Limited, and Pankaj Jha, CFO of Vedanta Power Limited, along with 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 strategically positioned to support India’s rapidly rising energy demand. With power playing a central role in industrial growth, infrastructure development, economic expansion and the country’s self-reliance ambitions, the company is expected to contribute significantly to strengthening India’s energy security through reliable and scalable power generation.

The other newly demerged and listed businesses — Aluminium, Oil & Gas, and Iron & Steel — also commenced trading on the exchanges alongside Vedanta Power.

Speaking on the occasion, Vedanta Group Chairman Anil Agarwal 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."

With a total installed and under-construction capacity of 4.78 GW, including 4.18 GW operational capacity and 0.6 GW under commissioning across Punjab, Andhra Pradesh, Odisha and Chhattisgarh, Vedanta Power is currently India’s fifth-largest private thermal power producer. The company’s business model is underpinned by strong operating fundamentals, with 74 per cent of capacity secured through long- and medium-term power purchase agreements and 85 per cent domestic coal security linkages across operational capacity, ensuring long-term fuel security and revenue visibility.

As India’s electricity demand continues to accelerate, Vedanta Power is scaling up to play a larger role in supporting the world’s fastest-growing major economy. With the country’s installed power capacity requirement projected to double over the next decade and reach 1,121 GW by FY36, the company sees substantial growth opportunities in the sector.

Backed by a clearly defined expansion roadmap, Vedanta Power aims to strengthen operational excellence, expand generation capacity efficiently and establish a robust long-term power platform for the nation. The company plans to scale its capacity to 20 GW over the long term and emerge among India’s top three private-sector power producers. As part of this strategy, it expects to commission the second 600 MW unit at its Sakti plant in the second half of FY27 and increase its total generation capacity to 12 GW by FY33. A significant share of the expansion is expected to come through brownfield projects, enabling the company to leverage existing infrastructure and operational efficiencies.

While renewable energy continues to gain momentum, Vedanta Power believes coal will remain a critical component of India’s energy mix for decades, complementing renewable and other clean energy sources. At the same time, the company is exploring future opportunities in hydroelectric power, battery energy storage and nuclear power as part of its long-term diversification strategy. It views nuclear energy as a clean and dependable round-the-clock power source with the potential to play a pivotal role in India’s energy transition and future energy security.