Vedanta Aluminium

What Vedanta Aluminium does

Vedanta Aluminium Metal Limited is India's largest primary aluminium producer and the world's third-largest outside China, formed through a demerger from Vedanta Ltd effective May 1, 2026, with shares listing on BSE and NSE on June 15, 2026. The company operates the world's largest single-location aluminium smelter at Jharsuguda, Odisha (1.8 MTPA capacity), alongside the BALCO facility at Korba, Chhattisgarh (expanding to 3 MTPA by FY28) and the Lanjigarh alumina refinery. It produced 2.37 million tonnes of aluminium in FY2023-24, contributing nearly 50% of India's total output, and exports to over 60 countries. Vertically integrated operations span bauxite mining, alumina refining, aluminium smelting using the Hall-Héroult electrolytic reduction process at ~950°C, and captive power generation exceeding 3,015 MW. Secured regulatory clearances for the Sijimali bauxite block and Kuraloi (A) North coal block anchor its backward integration cost strategy, with hot metal cost targeted below USD 1,600/t by FY28.

The product portfolio spans commodity grades (P1020 ingots, billets, slabs, rolled products, wire rods, flip coils) and value-added specialisations, including Restora low-carbon aluminium (GHG intensity below 4 tCO2e/t, manufactured using renewable energy), Restora Ultra ultra-low carbon product (produced via patented TAHA International dross-processing technology with Runaya Refining), Primary Foundry Alloy (PFA) for automotive alloy wheels, and Aluminium Cylinder Head Alloy—the first Indian-made version, previously entirely imported. The company holds the only IATF-16949 certification among Indian primary smelters and was ranked World No. 1 in S&P Global's Corporate Sustainability Assessment 2023 among aluminium producers. The customer base spans automotive OEMs/Tier-1s, power grid operators (India's largest wire rod consumer at 1.2 MT annually), aerospace and defence manufacturers (including Tejas LCA aluminium-lithium alloys), construction companies, and solar/renewable energy developers.

The business model is B2B commodity and value-added product sales, with primary aluminium priced against London Metal Exchange benchmarks and value-added alloys sold under negotiated contracts. Distribution combines direct enterprise sales teams with the Vedanta Metal Bazaar e-commerce portal. FY2026 delivered a record Rs 25,208 crore EBITDA (43% YoY growth), the listing valued the company at approximately Rs 1.73 lakh crore, and CRISIL upgraded the credit rating to AA+/Stable post-demerger. The strategic roadmap targets capacity doubling to 6 MTPA within three years and 10 MTPA within five years, while moving toward a net-cash balance sheet by FY28.

Name

Vedanta Aluminium

Legal name

Vedanta Aluminium Metal Limited

Website

https://vedantaaluminium.com

Company type

Public

Founded year

2026

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Vedanta Aluminium Metal Limited is India's largest primary aluminium producer and the world's third-largest outside China, operating a vertically integrated value chain from bauxite mining through captive power to aluminium smelting. It supplies commodity and value-added aluminium products to automotive, power, aerospace, construction, and renewable energy customers across 60+ countries.

Ownership category

akta.pro rank

Product category

Primary Aluminium Manufacturing

NAICS

Alumina Refining and Primary Aluminum Production (331313), Alumina and Aluminum Production and Processing (33131), Alumina and Aluminum Production and Processing (3313), Secondary Smelting and Alloying of Aluminum (331314)

SIC

Primary Production Of Aluminum (3334), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Primary Aluminum Smelting (IMAKACAC)

akta.pro secondary industries

Aluminum Value-Added Components (Automotive, Aerospace, Packaging, Building Systems) (IMAKACAM), Secondary Aluminum Smelting & Recycling (Remelt) (IMAKACAD), Aluminum Project Development, Engineering & EPC (Smelters/Refineries) (IMAKACAO), Aluminum Trading, Marketing & Distribution (IMAKACAK)

Keywords

• Primary aluminium production
• Aluminium smelting operations
• Low carbon aluminium
• Aluminium value-added products
• Bauxite alumina refining

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Primary Aluminium Sales: Sale of primary aluminium products including ingots, billets, wire rods, slabs, and rolled products to industrial customers in automotive, power, construction, and manufacturing sectors.
2. Value-Added Aluminium Products: Higher-margin specialized products including Restora low-carbon aluminium, Primary Foundry Alloy (PFA) for automotive, Cylinder Head Alloy, and other customised alloys for specific industrial applications.
3. Alumina Sales: Production and sale of alumina for external customers, with 826 KT produced in Q1 FY27 and expansion underway.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Vedanta Aluminium is India's largest producer of primary aluminium, operating vertically integrated operations from bauxite mining and alumina refining to aluminium smelting and captive power generation. The company manufactures and sells primary aluminium ingots, billets, wire rods, slabs, rolled products, and value-added alloys including the Restora low-carbon aluminium brand to industrial customers across automotive, power, infrastructure, aerospace, defence, and renewable energy sectors.

Product overview

Vedanta Aluminium Metal Limited operates as one of the world's leading aluminium producers and India's largest aluminium manufacturer. The company offers an integrated portfolio of aluminium products spanning the entire value chain: from upstream offerings like P1020 Ingots and Slabs, through mid-stream Billets and Rolled Products, to high-value products including Restora and Restora Ultra (low/ultra-low carbon aluminium brands), Primary Foundry Alloy (PFA), Wire Rods, and Flip Coils. The product ecosystem also includes Aluminium Park, a downstream support ecosystem for customers. These products serve critical applications across aerospace, aviation, automotive, transportation, electrical power, infrastructure, renewable energy, defence, and consumer goods sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Restora: India's first low carbon 'green' aluminium brand; Restora is made using renewable energy with GHG emission intensity below 4 tCO2e per tonne; Restora Ultra is ultra-low carbon aluminium made from recovered aluminium through partnership with Runaya Refining
• Restora Ultra

Products and services

• Restora Low Carbon Aluminium Low carbon aluminium brand manufactured using renewable energy, with GHG emission intensity below 4 tonnes of CO2 equivalent per tonne of aluminium. Offered in forms including Billets, Primary Foundry Alloy, Wire Rods, Slabs, P1020 Ingots for industrial customers seeking sustainable aluminium.
• Restora Ultra Ultra-Low Carbon Aluminium Ultra-low carbon aluminium made from recovered aluminium through partnership with Runaya Refining, leveraging patented TAHA International technology for processing aluminium dross. Has an even lower carbon footprint than Restora, among the lowest in the world.
• Aluminium Billets Aluminium billets produced by Vedanta Aluminium, with the company being India's largest producer and exporter of aluminium billets. Used in extrusion processes for various industrial applications across construction, automotive, and consumer durables.
• Primary Foundry Alloy (PFA) Aluminium primary foundry alloy supplied to domestic automotive sector for manufacture of alloy wheels and other automotive components. Facilities equipped with Befesa and Properzi technologies with total casting capacity of 210 KT per annum, holding IATF-16949 certification.
• Aluminium Cylinder Head Alloy Aluminium cylinder head alloy for automotive engine components, leveraging material design to help automakers increase efficiency of internal combustion engines for BS-VI and CAFE emission compliance. Produced at BALCO's 10,000 tonne capacity facility using Befesa and Properzi technologies.
• Aluminium Wire Rods Aluminium wire rods for electrical applications. Vedanta Aluminium is the world's largest producer of aluminium wire rods (excluding China), catering predominantly to the power industry. Used in overhead transmission lines, cables, and electrical conductors.
• Aluminium Flip Coils Aluminium flip coils produced at Vedanta Aluminium's facilities, used in various industrial applications including further processing and manufacturing.
• P1020 Ingots P1020 grade aluminium ingots produced to specification, serving as a foundational aluminium product for downstream industries and manufacturing processes.
• Aluminium Slabs Aluminium slabs produced for further rolling and processing into flat products for applications in aerospace, automotive, construction, and packaging industries.
• Aluminium Rolled Products Aluminium rolled products including plates, sheets, and coils produced for applications in aerospace, aviation, building & construction, automotive, and industrial uses.
• Aluminium Park A dedicated ecosystem offering downstream manufacturing facilities and support for customers setting up aluminium-based production operations, providing integrated manufacturing solutions at Jharsuguda.

Quantifiable outcome

• Record 5% YoY aluminium production growth to 632,000 tonnes in Q1 FY27
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

13 partnerships are on record, tiered minor, core and strategic.

• Motilal Oswal Financial Services (MOFSL)minorOthers · 14 July 2026Brokerage initiated Buy coverage on Vedanta Aluminium with target price of Rs 540, projecting 18% EBITDA CAGR over FY26-28 based on volume expansion and cost reductions.
• CLSAminorOthers · 14 July 2026Global brokerage initiated Outperform coverage on Vedanta Aluminium with target price of Rs 540, citing aluminium upcycle driven by electrification demand and structural cost improvements from backward integration.
• CitiminorOthers · 14 July 2026Investment bank initiated Buy coverage with target price of Rs 560, expecting net cash position by FY28 and aluminium price recovery to $4,000/t.
• Kotak Institutional EquitiesminorOthers · 14 July 2026Brokerage initiated coverage with target price of Rs 600, projecting 6% volume CAGR and 23% EBITDA CAGR over FY26-29, expecting Vedanta Aluminium to become net cash positive by FY28.
• Emkay GlobalminorOthers · 14 July 2026Brokerage initiated Buy coverage with target price of Rs 550, citing backward integration strategy to position company among world's lowest-cost integrated producers.
• InvestecminorOthers · 14 July 2026Global brokerage initiated Buy coverage with target price of Rs 630, valuing company at 7x FY28 EV/EBITDA and viewing Vedanta Aluminium as the cleanest India aluminium proxy.
• Bluspring Enterprises / STEAG Energy ServicescoreImplementation/ SI/ Consulting Partner · 3 July 2026STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring Enterprises, secured a five-year operations and maintenance contract for Vedanta Aluminium's 1,215 MW captive power plant (nine 135 MW units) at Jharsuguda. Contract valued at Rs 1,437.17 crore plus applicable taxes, effective August 2026. STEAG has also secured a Rs 12,198.5 million extension for 1,800 MW thermal plant O&M and another Rs 406.43 crore contract for 600 MW thermal plant.
• Adani Enterprises / International Holding Company (IHC)strategicOthers · 2 July 2026Competitor partnership - Adani Enterprises and Emirati IHC Group announced $11.5 billion joint venture to build 2 MTPA aluminium plant in Odisha, competing directly with Vedanta Aluminium and Hindalco for domestic market share and bauxite supplies including the Karlapat block auction.
• Institute of Minerals and Materials Technology (IMMT)strategicStrategic or Co-development Partner · 28 May 2024R&D collaboration with CSIR laboratory in Bhubaneswar to develop graphite recovery technology from Spent Pot Lining and Shot Blast Dust for lithium-ion battery applications. The recovered graphite demonstrates highly promising results for electrical conductivity and structural properties suitable for lithiation processes.
• JNARDDC (Jawaharlal Nehru Aluminium Research Development & Design Centre)strategicStrategic or Co-development Partner · 28 May 2024Collaboration backed by Niti Aayog to extract Rare Earth Oxides from bauxite residue, particularly scandium for creating cutting-edge aluminium alloys for defence, aerospace, maritime, and automotive sectors.
• Runaya RefiningcoreStrategic or Co-development Partner · 24 February 2022Collaboration to create Restora Ultra ultra-low carbon aluminium by processing aluminium dross (by-product of smelting) using patented technology licensed from TAH A International S.A. This partnership enables circular economy by recovering aluminium from waste and creates India's first ultra-low carbon aluminium products.
• Befesa (Spain)coreTechnology or Integration · 10 February 2021Technology partnership for manufacturing Primary Foundry Alloy (PFA) for automotive applications. Befesa's 22 kg and 10 kg ingot technology deployed at BALCO facility for producing high-quality foundry alloys for alloy wheel manufacturing.
• Properzi (Italy)coreTechnology or Integration · 10 February 2021Technology partnership for Cylinder Head Alloy manufacturing using Properzi's continuous casting technology alongside Befesa's metallurgical treatment facilities at BALCO's 10,000 tonne capacity facility for automotive engine components.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Hindalco Industries: Hindalco Industries (Aditya Birla Group) is India's other major integrated aluminium producer and Vedanta's primary domestic competitor. It operates aluminium smelting, rolling, and extrusions alongside copper, with comparable product portfolio and customer base in automotive and electrical applications.
• National Aluminium Company (NALCO): NALCO is a Government of India-owned integrated aluminium producer with bauxite mining, alumina refining, and aluminium smelting operations. As a public sector peer operating in the same Indian aluminium value chain, it competes directly with Vedanta for domestic market share and bauxite resources.

Emerging players

• Adani Group (Adani Aluminium): Adani Enterprises and International Holding Company announced a USD 11.5 billion JV for a 2 MTPA aluminium plant in Odisha, directly challenging Vedanta's domestic dominance. As a new entrant with strong capital backing, Adani represents the most material competitive threat to Vedanta's market share.

Broad incumbents

• China Hongqiao Group: China Hongqiao is the world's largest aluminium producer with vertically integrated bauxite-aluminium operations. As the global low-cost leader outside China, it competes with Vedanta in export markets and sets global cost benchmarks that influence LME pricing dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/VedantaAluminum
• Facebookfacebook.com/VedantaAluminiumBusiness
• LinkedInlinkedin.com/company/vedanta-limited-aluminium-business

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vedanta Aluminium