Vedanta Share Price Target 2024-2030 Fundamentals & Quarterly Results

Vedanta Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results – Vedanta Limited, a private firm in India, is engaging in metallurgy, oil and electricity services. It has now become one of the largest companies in India’s metallurgical sector operating mines in Goa, Rajasthan, Karnataka and Orissa. D.P. Agarwal founded the company in 1979 as Sterlite Industries in Mumbai and has several notable subsidiaries including Bharat Aluminium Company, Hindustan Zinc, Cairn India etc.

Latest Update – On August 6, Vedanta Ltd announced a 36.5 percent rise in net profit at Rs 3,606 crore for the quarter ending on June 30, 2024, compared to Rs 2,640 crore during the same period last year.

Vedanta Overview

Vedanta Ltd is a multifaceted natural resource company that delves into exploring, mining and refining minerals and oil and gas. And has includes zinc, sale of lead, silver, iron copper, aluminum, oil/ natural gas. It is exist in India, South Africa, Namibia, Ireland, Liberia and UAE.

Other activities of the company are power plants building in the commercial sector, steel production and harbor management facilities located in India, as well as glass substrate factories in South Korea and Taiwan. Presently India represents for about 65% from the total income, Malaysia comes after it with 9%, then come China (3%), UAE (1%) only has 22%.

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Vedanta Business Profile

The company has had excellent diversification in terms of operations across several commodity segments; herewith are the company’s production volumes in FY22 :

Refined Zinc (India) – 776 kt (kilo-tonnes)
Refined lead – 191 kt
Refined silver – 647 tonnes
Zinc (International) – 223 kt
Oil & Gas – ~160,800 BOEPD
Alumina – 1,968 kt
Aluminium – 2,268 kt
Power – 11,872 MU (million units)
Iron Ore – 5.4 million tonnes
Steel Production – 1.2 million tonnes
Copper (cathodes) – 125 kt

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Market Presence

India, Namibia, South Africa, UAE, Australia, and Ireland are where The Co. operates. The successful acquisition of a Nickel and Cobalt plant at Goa has made Vedanta the sole producer of Nickel in India.

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Zinc, Lead & Silver

Under the subsidiary Hindustan Zinc Ltd (HZL) in which—it is a ~65% stakeholder—it operates its Indian Zinc operations. It is also worth noting that HZL is presently India’s largest producer of primary zinc and anticipated to command about 80% market share come 2022. A major milestone achieved was with the commissioning of 3000 KLD Zero Liquid discharge (RO-ZLD) plant at Zinc Smelter Debari.

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Oil & Gas

India’s largest private sector crude oil producer is The Co. It provides about 25% of all crude oil produced in the country. The states with the company’s blocks include Andhra Pradesh, Assam, Tamil Nadu, Tripura, Rajasthan, Maharashtra & Gujarat.

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Aluminum Business

Vedanta, with 2.3 million metric tonnes per annum (mtpa)has the highest quantity of aluminium installed in India. It accounts for 47% of the Indian primary aluminium producers’ market and is located at Lanjigarh in the form of a refinery with captive power plant and at Jharsuguda in the form of a smelter and captive power plants, both in Odisha.

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Power Segment

Located in Punjab is Talwandi Sabo Power Ltd (TSPL) which is its flagship power project. The company has a long-term power purchase agreement with Punjab State Electricity Board that has a duration of 25 years.

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Iron Ore Segment

In India, Vedanta is among the largest private iron ore miners. It has iron ore plants in Goa and Karnataka. The annual iron ore business’ capacity for this corporation in Karnataka is 5. 9 million tonnes per annum (Mtpa). However, Goa operations were halted because of a statewide court order.

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Copper Business

The plant in Silvassa includes a refinery and a rod with a processing plant for 133000 MT of blister/secondary material, this plant is used for refining copper to 216000 tpa and also there is a rod mill with the potential to produce 258000 tpa. Other places where it operates copper mines are in Tasmania, Australia where these mines are currently being cared for but not in use while others being assessed if they can be reopened.

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Upcoming Growth Projects

The Company’s budget for new growth capex projects is $687mn in the Oil & Gas segment. In the Aluminium segment, its growth capex will amount to $1.4 bn in a 2-year period. It will achieve the aluminium capacity expansion to 3 MTPA by Q3 FY24, the alumina capacity expansion to 6 MTPA by FY24 and 3 coal mines 100% operationalize iteratively by Q3 FY24.

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Vedanta Fundamentals & Quarterly Results

Vedanta Quarterly Results

CAGR Report

Vedanta Shareholding Pattern

Vedanta Share Price Target 2024-2030 Forecast

Vedanta Share Price Target 2025

Vedanta Share Price Target 2026

Vedanta Share Price Target 2027

Vedanta Share Price Target 2028

Vedanta Share Price Target 2029

Vedanta Share Price Target 2030

Official Website –vedantalimited.com