JSW Steel starts construction of green steel mill in Andhra Pradesh Vedanta demerged stocks fall up to 8% post Q1 numbers Hoa Phat PC strands support key transport development projects Spain backs Hydnum’s low-carbon steel project in Puertollano
Vedanta’s recently demerged companies saw mixed movement in the stock market after releasing their Q1 FY27 business updates. Shares of Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell sharply, with losses of up to 8%, as investors reacted to softer operational trends in some businesses.
Vedanta Iron & Steel shares slipped around 5% despite reporting a 4% year-on-year rise in overall steel production to 5.82 lakh tonnes. Saleable iron ore production also increased 4% year-on-year to 2.6 million DMT, but sequential weakness and a sharp fall in Karnataka output weighed on sentiment.
Meanwhile, Vedanta Aluminium Metal gained over 1% after posting its highest-ever quarterly aluminium production of 6.32 lakh tonnes. Vedanta Power also came under pressure, even as power sales rose year-on-year, due to a sequential decline in sales at some plants.The update highlights how investors are closely tracking production growth, plant performance and segment-wise demand after Vedanta’s major demerger.
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