Vedanta Power shares began trading on the NSE and BSE today, following a major demerger by Vedanta. The company boasts a substantial installed power capacity across four states. Analysts had speculated on the performance of its market debut. The demerger resulted in the formation of four new entities from Vedanta, and investors were eagerly anticipating the market debut of these newly listed companies.
The shares of Vedanta Power were listed at Rs 41.80 each on the NSE, while on the BSE, they debuted at Rs 41.30 each. At the time of its market debut, the small-cap company’s market capitalization was recorded at Rs 16,149.90 crore.
Market analysts had projected that Vedanta Power would debut with a share price ranging from Rs 35 to Rs 60. Nuvama had anticipated a market capitalization of Rs 17,466 crore for Vedanta Power at the time of its debut.
About Vedanta Power
Vedanta Power has over 4 GW of installed capacity across four strategic assets located in Punjab, Andhra Pradesh, Chhattisgarh, and Odisha. The company holds several long-term and mid-term Power Purchase Agreements (PPAs) with state utilities.
The power company aims to rank among India’s top three private thermal power producers by FY33 through a mix of organic growth and asset turnarounds. Its portfolio includes the Vedanta Power Talwandi Sabo Thermal Plant in Punjab (1,980 MW), Vedanta Power Meenakshi Energy in Andhra Pradesh (1,000 MW), Vedanta Power Sakti in Chhattisgarh (600 MW operational with another 600 MW under commissioning), and the Vedanta Power Jharsuguda Thermal Plant in Odisha (600 MW).
About Vedanta Demerger
The conglomerate led by Anil Agarwal announced in April that each eligible shareholder would receive one share in each of the four new companies—Vedanta Aluminium, Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel—for every share held in Vedanta as of the record date, marking one of the largest corporate restructurings in India’s metals and mining sector.
Vedanta had set May 1 as the record date for the anticipated demerger. While Vedanta shares have already adjusted to the restructuring, investors were actively looking forward to the listing of the four new companies that emerged from it.
According to exchange notices, Vedanta Oil & Gas, Vedanta Power, Vedanta Aluminium Metal, and Vedanta Iron & Steel, which made their long-awaited market debut on Monday, will initially be placed in the Trade-to-Trade (T2T) segment, where every transaction necessitates compulsory delivery.
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