Vedanta Ltd Rs 680
What is working for Vedanta
Vedanta is India’s largest aluminium producer, and aluminium is the backbone of the group, contributing over 40% of consolidated EBITDA. The company enjoys strong cost advantages with high captive alumina and coal, and aluminium prices are expected to stay firm through CY26.
A meaningful positive over the next 2–3 years is lower power cost. Aluminium is energy-intensive, and Vedanta is sharply increasing its renewable energy usage—from 7% in FY25 to ~55% by FY27 and ~70% by FY28. This alone can deliver ~$30 per tonne cost savings by FY28, materially supporting margins.
