Vedanta Aluminium Metal Limited has approved definitive agreements with Serentica Renewable India 9 Private Limited (SRI9PL) to integrate a 150 MW Battery Energy Storage System (BESS), aiming to secure reliable round-the-clock renewable power. The Board of Directors, meeting on July 30, 2026, authorized an investment of ₹165 Crore for a 26% equity stake in the special purpose vehicle (SPV). This strategic move converts the company’s existing solar power arrangement into a comprehensive renewable solution, reducing dependence on volatile conventional power exchange rates and supporting long-term decarbonization goals.

The transaction was disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Dashmeet Rana, Company Secretary & Compliance Officer, confirmed that the tariff has been independently benchmarked by a third party against prevailing market rates for renewable energy. The project aligns with the Vedanta Group’s broader ESG initiatives and captive power regulations under the Electricity Rules, 2005.

Deal Structure and Financials

The BESS project will be developed on a Build-Own-Operate-Maintain (BOOM) basis, leveraging the existing 600 MW Solar Power Delivery Agreement (PDA). The total project funding follows a 70:30 debt-to-equity structure. VAML’s infusion of ₹165 Crore represents its 26% shareholding in SRI9PL, while the remaining equity is held by Serentica Renewables India Private Limited or its affiliates. The investment is made at par, as per the shareholders' agreement.

Operational Timeline and Scope

SRI9PL, incorporated on September 30, 2022, is expected to commence power delivery within 12 months of signing the PDA. Revenue generation for the entity began in FY26-27. The contracted capacity includes up to 250 MW during solar hours (0800 to 1800 hours) and 150 MW during non-solar hours (1800 to 0800 hours). This hybrid model ensures continuous power supply, critical for aluminum smelting operations which require uninterrupted energy. All requisite governmental approvals will be sought as applicable.

Strategic Impact

By integrating battery storage with existing solar infrastructure, Vedanta Aluminium Metal stabilizes its long-term energy costs. The shift from spot market procurement to a captive RTC arrangement mitigates exposure to price volatility in the power exchange. The 25-year power supply agreement provides cost certainty, while the independent benchmarking of tariffs ensures fair valuation. This initiative reinforces the company’s commitment to sustainable operations without compromising operational reliability.

Vedanta Aluminium Metal Limited will announce its unaudited financial results for the first quarter ended June 30, 2026, on July 30, 2026. The company’s Board of Directors will convene on that date to consider and approve the quarterly figures, providing stakeholders with critical data on the aluminium producer’s early-year revenue, profit margins, and production volumes amidst evolving market conditions.

The board meeting is mandated under Regulation 29 and Regulation 50 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations require listed entities to disclose price-sensitive information within specified timelines after board approval. The notice was issued by Dashmeet Rana, Company Secretary & Compliance Officer, on July 24, 2026.

To maintain market integrity and prevent insider trading, the trading window for designated persons remains closed from July 1, 2026, to August 1, 2026. This restriction is enforced pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s Insider Trading Prohibition Code. The blackout period aligns with the release of material non-public information, ensuring a level playing field for all investors.

An earnings conference call is scheduled for July 30, 2026, from 5:00 PM to 6:30 PM IST, immediately following the declaration of results. Management will address key metrics, including production output, sales realizations, and cost structures. A recording of the call will be available on the company’s website later on July 30, 2026.

Conference Call Details

The company’s registered office is located in Mumbai, Maharashtra.