Vedanta moves up on spending more than Rs 12,500 crore to boost metal manufacturing for EV sector
Vedanta is currently trading at Rs. 435.20, up by 0.80 points or 0.18% from its previous closing of Rs. 434.40 on the BSE.
The scrip opened at Rs. 437.00 and has touched a high and low of Rs. 437.70 and Rs. 433.40 respectively. So far 130613 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 527.00 on 16-Dec-2024 and a 52 week low of Rs. 362.20 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 446.80 and Rs. 433.00 respectively. The current market cap of the company is Rs. 170180.09 crore.
The promoters holding in the company stood at 56.38%, while Institutions and Non-Institutions held 27.02% and 16.59% respectively.
Vedanta has spent more than Rs 12,500 crore to boost metal manufacturing for the growing needs of the nation's electric vehicle sector. The company produces a wide range of products, including aluminium, zinc, value-added alloys, copper, steel, nickel and ferrochrome. The company's aluminium product portfolio includes primary foundry alloys for wheels, engine blocks and cylinder-head applications, billets for battery casings, heating, ventilation and air conditioning systems and EV frames.
The company's aluminium is also being tested for breakthroughs in crash-resistant alloys and energy storage solutions. Greater usage of aluminium in EVs extends their driving range by offsetting battery weight, thereby reducing the total cost of ownership.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
