Vedanta Limited will invest over INR 12,500 crore to scale up its metal manufacturing business, with a clear focus on the electric vehicle (EV) sector. The investment covers new production facilities, technology upgrades, and downstream processing units to boost supplies of aluminium, copper, and lithium used in EV batteries and components.
The company said the move should cut India’s dependence on imports and strengthen supply chains, while also supporting the government’s Make in India programme.
Push on sustainability
Alongside higher output, Vedanta wants to bring in greener practices. It plans to use more renewable power and energy-efficient processes across operations.
A company spokesperson said, “With India’s electric mobility sector poised for exponential growth, our investment in advanced metal manufacturing is a strategic step to support EV adoption. This expansion will not only strengthen domestic supply chains but also drive innovation and sustainable industrial growth.”
Industry watchers expect the investment to ripple through the EV ecosystem, benefiting battery producers, automakers and component suppliers, and giving India a stronger position in clean technology.
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Aluminium at the core
Vedanta’s portfolio spans aluminium, zinc, copper, steel, nickel, ferrochrome, and alloys, but aluminium is getting special attention for EV use. The company already supplies foundry alloys for wheels, engine blocks and cylinder heads, as well as billets for battery casings, HVAC systems and vehicle frames.
It is also testing crash-resistant alloys and aluminium for energy storage. The company believes wider use of the lightweight metal could improve EV range by reducing battery weight, bringing down the cost of ownership.
Market reaction
The stock edged higher after the announcement. On the BSE, Vedanta closed at INR 435.20, up 0.18 per cent from the previous day. It opened at INR 437.00, touched a high of INR 437.70 and a low of INR 433.40, with 1,30,613 shares traded during the day.
Vedanta’s market cap stands at INR 1,70,180.09 crore. Promoters hold 56.38 per cent of the company, institutions 27.02 per cent and non-institutional investors 16.59 per cent. The Group ‘A’ stock has a face value of INR 1, a 52-week high of INR 527.00 (December 16, 2024) and a low of INR 362.20 (April 7, 2025). Over the past week it has moved between INR 433.00 and INR 446.80.
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