Vedanta Limited has released its comprehensive monthly business update for February 2026, highlighting significant achievements in sustainability initiatives, mining expansion, and operational excellence across its diversified portfolio.

Green Certifications Drive Sustainability Portfolio

The company achieved three major green certifications across four sites during the quarter, reinforcing its commitment to sustainable operations. These certifications span two product categories and demonstrate a GHG impact of less than 4 tCO₂e/MT across certified operations.

The certifications strengthen Vedanta's sustainability portfolio across products, operations, and innovation, supporting the company's focus on low-carbon products and circular economy principles.

Strategic Presence at Mining Indaba 2026

Vedanta showcased a strong presence at Investing in African Mining Indaba 2026, championing its vision of the "Ubuntu of Natural Resources" to strengthen India–Africa collaboration in critical minerals and responsible value creation. The company's participation emphasized its commitment to international partnerships and sustainable mining practices.

Critical Metals for Energy Transition

The company highlighted its strategic position in India's energy transition through its comprehensive metals portfolio. As the sole producer of primary nickel in India, Vedanta supplies nickel sulphate for lithium-ion batteries, addressing the growing demand from electric vehicle manufacturers. The company also maintains its position as India's largest aluminium producer and ranks among the top 5 global aluminium producers.

Major Business Developments

Several significant business milestones were achieved during February 2026:

• Mining Expansion: Vedanta emerged as the preferred bidder for the Karnapodikonda bauxite block in Odisha, significantly strengthening its raw material security
• Financial Strength: Meenakshi Energy secured strong debut ratings of AA-/A1+ (Watch Developing) from CRISIL, reflecting improved capital structure
• Operational Excellence: Vedanta Aluminium scaled up billet capacity to 830,000 TPA at Jharsuguda, strengthening its global footprint and value-added product portfolio
• Innovation: Hindustan Zinc and JNCASR developed advanced zinc-ion battery prototypes, marking progress in India's low-cost, scalable energy storage innovation
• Recognition: Hindustan Zinc ranked in the top 1% globally in the S&P Sustainability Yearbook 2026, marking its ninth consecutive recognition

Workforce Development and Diversity

The company demonstrated its commitment to workforce diversity by deploying Odisha's first all-women power operations team at Jharsuguda ahead of Women's Day 2026, showcasing its focus on inclusive growth and gender equality in traditionally male-dominated sectors.

The February 2026 business update reflects Vedanta's integrated approach to performance, portfolio expansion, and purpose-driven operations, positioning the company as a key player in India's sustainable industrial development.

Vedanta Limited has secured mining rights for the Karnapodikonda bauxite block in Odisha after being declared the preferred bidder through a competitive auction process conducted by the state government. The company received official confirmation on February 27, 2026, at 04:20 pm IST, marking a significant milestone in its resource acquisition strategy.

Mining Block Details

The Karnapodikonda bauxite block represents a substantial mining opportunity with specific technical and geographical parameters that enhance its strategic value.

Auction Process and Timeline

The Directorate of Mines and Geology, Government of Odisha, initiated the tender process through a 'Notice Inviting Tender' dated December 04, 2025. The comprehensive auction process involved multiple stages, beginning with initial bid qualification requirements. Vedanta Limited successfully cleared the preliminary qualification stage, enabling its participation in the subsequent live e-auction for the mining lease grant.

The competitive bidding process culminated in the company's selection as the preferred bidder, with official notification received through the 'Declaration of Preferred Bidder' document dated February 27, 2026.

Strategic Business Integration

This acquisition aligns with Vedanta Limited's strategic backward integration initiatives for its aluminium business operations. The bauxite block provides access to essential raw materials required for aluminium production, potentially enhancing the company's supply chain efficiency and reducing dependency on external sources.

The mining lease represents a key component in Vedanta's vertical integration strategy, allowing greater control over raw material procurement and production costs within its aluminium business segment. This strategic positioning strengthens the company's operational capabilities and resource security in the competitive aluminium market.