Vedanta Resources said there is currently no plan to sell its shareholding in Vedanta Ltd, Vedanta Aluminium or any other group company.
The company said it remains focused on growth and value creation, driven by its planned demerger into five focused businesses, an ambitious growth capex pipeline, deleveraging and shareholder returns.
Vedanta Resources said it remains committed to building “five Vedantas” as part of its long-term transformation strategy.
Separately, brokerage firm Motilal Oswal retained a ‘Buy’ rating on Vedanta Aluminium with a price target of ₹540.
The brokerage expects Vedanta Aluminium to enter a strong earnings inflection phase, with EBITDA projected to grow at around 18% CAGR between FY26 and FY28.
According to Motilal Oswal, the earnings growth runway will be driven by three key factors — higher volumes, structural cost savings through greater integration and an increasing share of value-added products.
The brokerage also expects the global aluminium market to tighten structurally, supported by China’s production cap, supply disruptions in Europe and Russia, and years of underinvestment in capacity outside China.
This, along with robust domestic demand in India and opportunities for import substitution, is expected to support Vedanta Aluminium’s growth outlook, Motilal Oswal said.
The brokerage also sees scope for a valuation re-rating, given the gap between Vedanta Aluminium and its peers. At the current market price, the stock trades at 5.3x EV/EBITDA based on Motilal Oswal’s FY28 estimates.
