Vedanta Limited announced exceptional production results for the fourth quarter and year ended March 31, 2026, showcasing record-breaking performance across multiple business segments. The company achieved significant milestones with highest-ever annual alumina and aluminium production, alongside record quarterly and annual mined metal production at Zinc India operations.

Record-Breaking Aluminium and Alumina Performance

The company's aluminium segment delivered outstanding results with record annual alumina production reaching 2,916 kt, marking a substantial 48% year-on-year increase. The Lanjigarh refinery achieved its highest-ever quarterly and yearly alumina production, with Q4 production at 882 kt representing a remarkable 104% YoY growth and an exit run rate of 4 MTPA.

The company achieved its best-ever annual aluminium production of 2,456 kt, up 1% YoY, realized primarily through operational efficiencies across its production facilities.

Zinc Operations Achieve New Production Records

Zinc India operations demonstrated exceptional performance with record annual mined metal production of 1,114 kt, representing a 2% year-on-year increase. The segment achieved its best-ever quarterly mined metal production of 315 kt in Q4, up 2% YoY and 14% QoQ, driven by higher ore production and better grades. Silver production showed strong quarterly momentum with an 11% QoQ growth.

Refined zinc metal production reached record levels with 227 kt in Q4, up 6% YoY, and 851 kt for the full year, up 3% YoY, driven by additional capacity unlocked through debottlenecking projects and improved operational efficiency.

Strong Performance Across Diversified Portfolio

The company's iron ore segment achieved record annual pig iron production of 895 kt, up 10% YoY, primarily as a result of production enhancement initiatives completed during the year. Quarterly saleable ore production increased 26% QoQ with improved operational efficiencies and ramp-up of mine production at Iron Ore Goa.

FACOR operations delivered record annual ferro chrome production of 101 kt, up 21% YoY, while copper India achieved record annual cathode production of 170 kt, up 15% YoY, resulting from debottlenecking and operational efficiency improvements.

Power Segment Shows Robust Growth

The power segment demonstrated strong operational performance with Q4 power sales increasing 43% YoY to 5,516 million units, supported by excellent performance at Athena and Meenakshi plants. Athena achieved an impressive PLF of 88% in Q4 after commencing commercial operations from July 23, 2025, reflecting strong operational performance during its initial phase.

Annual power sales reached 18,571 million units, up 14% YoY, with TSPL maintaining strong availability at 83% for FY26. The company's diversified power portfolio continues to support its integrated operations while contributing to grid stability.

Vedanta Limited has released its comprehensive monthly insights report for March 2026 under Regulation 30 of SEBI regulations, providing stakeholders with detailed updates on market trends, business developments, and strategic initiatives across its diversified portfolio.

Women's Investment Participation Surges in India

The report highlights a significant transformation in India's investment landscape, with women emerging as a powerful force in financial markets. The data reveals remarkable growth patterns that underscore changing investment behaviors and preferences.

The report indicates that approximately 80% of women investors start before age 35, demonstrating a strong preference for systematic investment plans (SIPs) and long-term compounding strategies. Notably, 56% of women now invest independently, compared to 44% previously, reflecting growing financial independence.

Vedanta's Commitment to Gender Diversity

Aligning with the "Her at the Core" philosophy, Vedanta showcased its diverse women-led operational teams across various functions. The company currently maintains 23% women representation across operations with a clear ambition to reach 35%, reinforcing its commitment to building an inclusive workforce.

The report featured specialized all-women teams including:

• Tejaswini: All-women shift managing smelting operations
• All Women Control Room: Monitoring and managing plant operations in real time
• All Women Crane Operators: Handling critical material movement
• Agni Vahini: All-women firefighting team
• Durga Vahini: All-women security team

Commodity Market Dynamics and Strategic Positioning

The insights report addressed significant volatility in global commodity markets, particularly in oil and gas sectors. Geopolitical tensions in the Middle East have disrupted nearly 20% of global oil flows, pushing crude prices to nearly $120/bbl.

Vedanta emphasized its critical role in India's energy security, contributing approximately 25% of India's domestic oil and gas output while scaling exploration across onshore and offshore assets.

For aluminium markets, the report noted that global supply has tightened with Middle East disruptions impacting a region contributing 9% of global supply. India's aluminium demand is growing at 10% CAGR, with consumption expected to rise to nearly 37 MTPA by 2047, more than five times current levels.

Strategic Demerger Initiative

The report outlined Vedanta's strategic demerger plan designed to unlock value through focused business operations. The restructuring will create four separate entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel.

This strategic shift aims to enable each business to operate at full potential with enhanced flexibility to scale, compete, and lead within respective markets while driving long-term shareholder value.

Strong Analyst Coverage and Market Outlook

Vedanta continues to receive broad-based coverage from leading global and domestic brokerages, reflecting strong investor confidence. The report highlighted analyst target prices and ratings:

The report also featured key leadership highlights, including Chairman Anil Agarwal's participation at CERAWEEK announcing $5 billion US investment partnerships, and Priya Agarwal Hebbar's address at the ABP Network Ideas of India Summit 2026 emphasizing women's participation in mining operations.