Vedanta Group has reported strong operational and financial results for the second quarter of fiscal year 2027 (Q2 FY27), highlighting significant growth in power sales and announcing plans for major investments in West Bengal. The group also revealed leadership changes in its iron ore business and provided updates on its oil and gas segment.
- Vedanta Power's Q2 FY27 power sales rose 26% year-on-year to 5,593 million units.
- Meenakshi Energy and Jharsuguda Thermal Plant showed substantial increases in power sales and plant availability.
- Vedanta Oil and Gas to announce Q2 results; reported profit in Q1 FY27.
- Vedanta plans ₹70,000-₹80,000 crore investments in West Bengal for power and aluminium projects.
- CEO of Vedanta Iron and Steel's iron ore business resigned due to personal reasons.
- Vedanta Limited reported a consolidated net profit of ₹3,650 crore in Q2 FY27, more than double the previous year.
What were Vedanta Power’s operational highlights in Q2 FY27?
Vedanta Power, formed after the demerger of Vedanta Ltd, announced a strong operational performance for Q2 FY27. Power sales increased by 26% year-on-year (YoY) to 5,593 million units. For the first half of FY27, power sales reached 10,817 million units, marking a 32% YoY increase.
Meenakshi Energy Ltd recorded a remarkable 111% YoY increase in power sales to 1,470 million units in Q2 FY27. Its half-year power sales rose 160% to 2,820 million units compared to the previous year.
Jharsuguda Thermal Plant showed an impressive 186% YoY increase in quarterly power sales to 873 million units. Its Plant Availability Factor (PAF) improved significantly to 98% from 43% in the same quarter last year.
Talwandi Sabo also contributed with a 6% YoY increase in power sales, reaching 2,945 million units in Q2 FY27.
What are the financial results and plans for Vedanta Oil and Gas?
Vedanta Oil and Gas, formerly Malco Energy, is scheduled to announce its Q2 FY27 financial results. In Q1 FY27, the company reported a profit of ₹945 crore, including discontinued operations, compared to a loss of ₹104 crore in the same quarter last year. Revenue increased by 9% YoY to ₹2,507 crore.
What investment plans did Vedanta announce for West Bengal?
Vedanta Chairman Anil Agarwal revealed that the group is exploring investments between ₹70,000 crore and ₹80,000 crore in West Bengal. These investments aim to develop power generation facilities and an aluminium smelter. The Chief Minister of West Bengal, Suvendu Adhikari, stated that these projects could create approximately 10,000 jobs.
Agarwal mentioned that the group will assess the feasibility of these projects, considering coal availability and existing infrastructure. If supported proactively by the state government, the projects could become operational within three years.
What leadership changes occurred in Vedanta Iron and Steel?
Vedanta Iron and Steel Ltd (VISL) announced the resignation of Anamika Jha, the Chief Executive Officer for the iron ore business, effective October 28, 2026. She resigned due to personal reasons. The company has not yet announced a successor.
How did Vedanta Limited perform financially in Q2 FY27?
Vedanta Limited reported a consolidated net profit of ₹3,650 crore for Q2 FY27, more than double the ₹1,798 crore recorded in the same quarter last year. Revenue from operations increased to ₹26,356 crore from ₹16,736 crore a year ago, driven by higher commodity prices, favorable foreign exchange rates, and increased volumes.
Total expenses rose to ₹18,476 crore from ₹13,793 crore in the previous year. The company’s gross debt stood at ₹30,297 crore as of September 30, 2026.
Executive Director Arun Misra highlighted the company’s focus on volume growth, cost leadership, and value creation. Group CFO Ajay Goel noted strong cash generation of ₹5,803 crore during the quarter, which helped reduce net debt by ₹4,624 crore to ₹3,675 crore.
Frequently Asked Questions
Q: What caused the increase in Vedanta Power’s sales?
A: The increase was due to improved operational performance across its plants, including higher power generation and better plant availability.
Q: What sectors will Vedanta invest in West Bengal?
A: Vedanta plans to invest in power generation and aluminium smelting sectors.
Q: Why did the CEO of Vedanta Iron and Steel’s iron ore business resign?
A: The CEO, Anamika Jha, resigned due to personal reasons.
Q: How has Vedanta Limited’s financial performance changed compared to last year?
A: Vedanta Limited more than doubled its consolidated net profit in Q2 FY27 compared to the same quarter last year, with significant revenue growth.
