Vedanta Limited has received an ESG rating of 67 in the Strong category from ESGRisk.ai, a SEBI-registered ESG Rating Provider (ERP). The company disclosed this development to stock exchanges on January 15, 2026, in compliance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

ESG Rating Details

The ESG rating communication was received by Vedanta Limited through an email from ESG Risk Assessments and Insights Limited (ESGRisk.ai) on January 14, 2025, at approximately 05:15 PM IST. The rating assessment places the company in the Strong category, reflecting its environmental, social, and governance practices.

Independent Assessment

Vedanta Limited emphasized that it did not engage ESGRisk.ai for this evaluation, clarifying that the ESG rating was issued independently by the rating provider. This independent assessment approach ensures objectivity in the rating process and provides stakeholders with an unbiased view of the company's ESG performance.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Listing Regulations, read with relevant SEBI circulars issued in this regard. Company Secretary and Compliance Officer Prerna Halwasiya signed the regulatory filing, ensuring proper compliance with stock exchange notification requirements.

Rating Accessibility

The ratings and methodology have been made available on ESGRisk.ai's website at https://india360.esgrisk.ai/Accounts/Ratinglist , providing transparency and accessibility for stakeholders interested in understanding the rating framework and assessment criteria.

Corporate Information

Vedanta Limited, with CIN L132O9MH1965PLC291394, maintains its registered office at 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai. The company continues to maintain transparency in its ESG disclosures as part of its commitment to stakeholder communication and regulatory compliance.

Vedanta shares have reached new highs following a significant target price revision from brokerage firm Nuvama on Wednesday, January 14. The mining conglomerate owned by Anil Agarwal has received the most bullish projection on the street, with analysts projecting substantial upside potential based on multiple growth catalysts.

Nuvama Raises Target Price to ₹806

Nuvama has maintained its "buy" rating on Vedanta while raising the price target by 18% to ₹806 from the previous ₹686. This revised target represents the highest among 14 analysts covering the stock and implies an upside potential of 27% from Tuesday's closing levels.

Demerger Progress Drives Optimism

The brokerage highlighted that Vedanta is in the final stages of receiving statutory clearances for its demerger into five different listed entities. This corporate restructuring is expected to lead to significant value unlocking for shareholders. The demerger process has been a key catalyst driving investor interest in the stock.

Nuvama's investment thesis is further supported by strong commodity prices, ongoing cost reduction initiatives, and anticipated volume growth across the company's operations. These factors collectively strengthen the case for continued outperformance.

Enhanced Financial Projections

The brokerage has revised its financial estimates upward to reflect improved market conditions:

These enhanced projections factor in higher commodity prices, which are expected to drive Vedanta's EBITDA growth at a Compounded Annual Growth Rate of 20% over the financial year 2025-2028 period.

Market Valuation and Analyst Sentiment

Nuvama noted that Vedanta's current market price has yet to fully factor in the value of its aluminium and zinc businesses, suggesting that other business segments are practically available at no additional cost. This valuation gap presents an attractive opportunity for investors.

The analyst community remains overwhelmingly positive on Vedanta's prospects:

• Buy ratings: 10 out of 14 analysts
• Hold ratings: 4 out of 14 analysts
• Sell ratings: 0 out of 14 analysts

Stock Performance

Vedanta shares are trading with gains of 3% on Wednesday at ₹656.50. The stock has demonstrated strong momentum, posting gains for five consecutive months and advancing nearly 10% in January alone. This sustained performance reflects growing investor confidence in the company's strategic initiatives and market positioning.