Vedanta CMP 467. TARGET 401, SL 478

Vedanta CMP 467. TARGET 401, SL 478

On weekly chart, the stock is trading near its weekly resistance of Rs.478. Considering a short correction before crossing the hurdle of previous swing resistance zone i.e. Rs.474-477. 

The risk- reward is favorable when the expected correction could be upto Rs.401.

Vedanta Resources (VRL), the London-based parent of India's Vedanta, is looking at refinancing credit facility worth $550 million, and is discussions with several lenders from Middle East, Europe and Japan, according to ET report.

Vedanta Limited is a diversified natural resources and energy company based in India. It operates across multiple sectors, making it one of the largest conglomerates in India's metals and mining industry.

The core businesses of the company are,

🟡 Zinc & Lead

• Hindustan Zinc Limited (HZL) – Vedanta owns a majority stake.
• World's 2nd-largest integrated zinc-lead producer.
• Operations include mining, smelting, and refining.

🛢️ Oil & Gas

• Operated through Cairn Oil & Gas.
• One of India’s largest private oil producers.
• Key oilfields: Rajasthan (Barmer block), Cambay, Ravva.

🧱 Aluminium

• One of India’s largest aluminium producers.
• Operates smelters in Odisha and Chhattisgarh.
• Owns BALCO (Bharat Aluminium Company) and Jharsuguda smelter.

⚙️ Copper

• Owns copper smelting assets (e.g. Tuticorin, currently non-operational due to environmental issues and protests).
• Also involved in copper mining and refining.

⚡ Power

• Generates thermal and renewable power for its captive use and commercial sale.
• Operates plants across India under Vedanta Power and Talwandi Sabo Power Ltd.

🪨 Iron Ore

• Has mining operations in Goa and Karnataka.
• Faced legal and environmental challenges in Goa, leading to suspension of mining in the past.

💧 Ferro Alloys & Steel

• Owns ESL Steel Ltd, involved in producing pig iron, billets, TMT bars, etc.

Vedanta, India’s largest aluminium producer, warned that the 50% U.S. aluminium tariffs announced by President Trump are threatening the domestic industry. They’re urging the Indian government to impose protective duties, as surging imports have pushed exports down 19% in the fiscal year ended March 2025. The London-based parent, Vedanta Resources, is currently negotiating to refinance a $550 million credit facility due in 2026.

The company entering into Semiconductors & Display Fabs.  Entering tech hardware space with ambitions to build India’s first display and chip fabs. Also, the company taking initiatives in water recycling, renewable energy, and biodiversity.