The company said VPPL was incorporated on June 22, 2026, with the certificate of incorporation being uploaded on the Ministry of Corporate Affairs portal on June 23.
VPPL has an authorised capital of ₹1 lakh, comprising 1 lakh equity shares of ₹1 each. Its subscribed capital also stands at ₹1 lakh. The company said the subsidiary is yet to commence business operations and therefore has no turnover at present.
According to the filing, the subsidiary will serve as a strategic platform for undertaking real estate-related activities.
Anil Agarwal’s flagship firm’s net profit for the period increased by 88.5% to ₹9,532 crore from ₹4,961 crore last year, while revenue went up by 47.5% on a year-on-year basis to ₹24,609 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹7,559 crore, a growth of 44% from the same quarter last year, while margins saw a marginal contraction of 70 basis points to 30.7% from 31.4% a year earlier.
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For financial year 2027, Vedanta expects Aluminium production to be between 2.6 MT to 2.7 MT, while cost of production will range between $1,650 – $1,700 per tonne. This is lower than the $1,752 per tonne cost in financial year 2026.
Shares of Vedanta Ltd ended 0.28% higher at ₹282.50 on June 24 at NSE.
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(Edited by : Ajay Vaishnav)
First Published: Jun 24, 2026 11:43 PM IST
