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Following its independent stock market listing, Vedanta Power has outlined plans to diversify beyond thermal power by evaluating opportunities in hydroelectric power, battery energy storage and nuclear energy. The company aims to strengthen its position in India's growing energy sector while expanding generation capacity over the coming years. Alongside its listing on the BSE and NSE, Vedanta Power has set a long-term target of reaching 20 GW capacity and becoming one of India's top three private power producers. The company also plans significant capacity additions through brownfield expansion projects.
Vedanta Power has announced that it is assessing opportunities in hydroelectric power, battery energy storage systems and nuclear energy as part of its long-term growth and diversification strategy.
The announcement comes shortly after the company's independent listing on the stock exchanges following the demerger of Vedanta Group's businesses. Vedanta Power shares have begun trading on both the BSE and the National Stock Exchange, marking a new phase for the company as a standalone power business.
According to the company, nuclear energy is being viewed as a clean and dependable source of round-the-clock electricity and could play an important role in supporting India's energy transition and rising power requirements. The evaluation of nuclear, hydro and storage assets reflects a broader industry trend as power producers seek a balanced energy mix to support future demand growth.
The listing ceremony held earlier this week was led by Vedanta Group Chairman Anil Agarwal. The company stated that the listing represents a significant milestone in its evolution as a focused power business backed by established operations and positioned to meet India's increasing energy needs.
Alongside Vedanta Power, the group's newly demerged aluminium, oil and gas, and iron and steel businesses also commenced trading on the exchanges.
Speaking during the listing event, Agarwal said that Vedanta had become the first Indian company to list on the London Stock Exchange 24 years ago and later joined the FTSE 100 index. He added that the businesses that grew under the group over the years are now positioned to emerge as major players in their respective sectors and contribute to India's economic growth.
Vedanta Power said it remains focused on improving operational efficiency, expanding generation capacity and building a long-term power platform for the country. The company has outlined plans to increase its power generation capacity to 20 GW over time, with the ambition of becoming one of India's three largest private-sector power companies.
As part of its expansion roadmap, Vedanta Power expects to commission the second 600 MW unit at its Sakti power plant during the second half of FY27. The company is targeting a total installed capacity of 12 GW by FY33.
A major share of the planned capacity growth is expected to come through brownfield expansion projects. By leveraging existing infrastructure, land availability and operational facilities, the company aims to expand more efficiently while reducing development timelines and costs.
India's power demand has continued to rise in recent years due to economic growth, industrial expansion and increasing electrification. Against this backdrop, power companies are increasingly exploring a mix of conventional and clean energy technologies, including storage solutions and emerging nuclear opportunities, to ensure reliable long-term supply.
Source PTI
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