Mumbai, September 9 (Kiran News) — Shares of Vedanta traded marginally higher on Tuesday after the company said it has invested more than ₹12,500 crore to expand its metal manufacturing capacity aimed at supporting India’s growing electric vehicle (EV) sector.
Vedanta produces a wide range of products including aluminium, zinc, value-added alloys, copper, steel, nickel, and ferrochrome. Its aluminium portfolio is particularly targeted toward EV applications, covering primary foundry alloys for wheels, engine blocks, and cylinder heads, as well as billets for battery casings, HVAC systems, and EV frames.
The company is also testing aluminium for advanced crash-resistant alloys and energy storage solutions. According to Vedanta, greater use of aluminium in EVs can extend driving range by reducing battery weight, thereby lowering the total cost of ownership.
On the BSE, Vedanta was trading at ₹435.20, up by ₹0.80 or 0.18 percent from the previous close of ₹434.40. The stock opened at ₹437.00 and recorded an intraday high of ₹437.70 and a low of ₹433.40. A total of 1,30,613 shares changed hands during the session.
The Group ‘A’ stock, with a face value of ₹1, has a 52-week high of ₹527.00 (December 16, 2024) and a 52-week low of ₹362.20 (April 7, 2025). Over the past week, it has traded between ₹433.00 and ₹446.80.
Vedanta’s market capitalization currently stands at ₹1,70,180.09 crore. Promoters hold 56.38 percent stake, while institutions own 27.02 percent and non-institutional investors hold 16.59 percent.
Vedanta is a diversified natural resources company with operations spanning oil and gas, zinc-lead-silver, copper, iron ore, aluminium, and commercial power.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.