Vedanta Aluminium Metal Ltd

Vedanta Aluminium Metal Limited informed the BSE Limited and National Stock Exchange of India Limited that it has corrected its previous disclosure regarding an agreement with Serentica Renewable India 9 Private Limited for the integration of a Battery Energy Storage System (BESS) with a capacity of 142.5-150 MW, featuring 90-95% assured supply, utilizing the existing 600 MW Solar Power Delivery Agreement (PDA).

Vedanta Aluminium Metal Limited announced a first interim dividend of Rs 8 per equity share, amounting to Rs 3,128.55 crore, for the financial year ending 2026-27, with a record date of August 5, 2026. The company's board also approved the formulation, adoption, and implementation of the Vedanta Aluminium Metal Limited - Employee Stock Option Plan 2026 and the Vedanta Aluminium Metal Limited – Employee Share Purchase Plan 2026, which together cover up to 5% of the company's total paid-up share capital, to be implemented through a trust route involving secondary acquisition of equity shares.

Vedanta Aluminium Metal Limited announced a first interim dividend of Rs 8 per equity share, amounting to Rs 3,128.55 crore, for the financial year ending 2026-27, with a record date of August 5, 2026. The company's board also approved the formulation, adoption, and implementation of the Vedanta Aluminium Metal Limited - Employee Stock Option Plan 2026 (“VAML ESOP 2026”) and Vedanta Aluminium Metal Limited – Employee Share Purchase Plan 2026 (“VAML ESPP 2026”), which together cover up to 5% of the company's total paid-up share capital, to be implemented through a trust route.

Vedanta Aluminium Metal Limited announced its board approved an investment of Rs 165 crore, representing a 26% stake, in Serentica Renewables India 9 Private Limited (SRI9PL) to integrate a 150 megawatt Battery Energy Storage System (BESS) for round-the-clock renewable power supply. The project, expected to be commissioned within 12 months, will convert an existing 600 megawatt solar power delivery agreement into a renewable power solution and will be funded on a 70:30 debt-to-equity basis.

Vedanta Aluminium Metal has fixed 05 August 2026 as record date for purpose of first interim dividend for FY 2027.

Vedanta Aluminium Metal will hold a meeting of the Board of Directors of the Company on 30 July 2026.

The target price of Rs 550 implies an upside potential of about 19.8% from the current market price of Rs 459.25. The brokerage expects Vedanta Aluminium to benefit from a favourable medium-term aluminium market, with global supply likely to remain constrained through CY28 as China's production nears its capacity cap and Indonesia's planned expansion faces execution hurdles. It also sees the company's earnings being driven by structural cost reductions through deeper backward integration in bauxite, alumina, coal and power, improving self-sufficiency, lowering costs and boosting cash flows. The brokerage believes these factors are not fully reflected in the stock's valuation, while citing weak aluminium prices, higher energy costs, project delays and regulatory changes as key risks. Vedanta Aluminium Metal is India's largest aluminium producer. The company produced 2.42 million tonnes of aluminium in FY25, accounting for more than half of the country's output. It operates a 5 MTPA alumina refinery at Lanjigarh in Odisha and the world's largest aluminium smelter at Jharsuguda with a capacity of 1.85 MTPA. It also operates Bharat Aluminium Company (BALCO) in Chhattisgarh. Vedanta Aluminium Metal was carved out of Vedanta Ltd. as part of the group's demerger to create four independently listed businesses. The company debuted on the NSE at Rs 522 on 15 June 2026, giving investors direct exposure to Vedanta's aluminium business. The stock has since declined 12.02% from its listing price. Powered by Capital Market - Live

The equity shares of Vedanta Aluminium Metal (Scrip Code: 544780) are listed effective 15 June 2026 and admitted to dealings on the exchange in the list of ''T'' group securities.