Vedanta shares are set to remain in the spotlight today as the mining and metals giant undergoes a leadership change. With a seasoned industry veteran stepping in to steer its aluminium business and regulatory approvals for restructuring on the horizon, the Vedanta shares are likely to remain in focus today.
Rajiv Kumar appointed as CEO of Vedanta Aluminium
Vedanta has roped in Tata Steel veteran Rajiv Kumar as the new CEO of its aluminium business. The company announced the appointment in an exchange filing on Wednesday, stating that Kumar will serve a three-year term starting March 26, 2025.
Kumar, a metallurgical engineer from BIT Sindri, has worked at Tata Steel, where he held leadership positions across steel and mining operations.
As CEO, Kumar will oversee Vedanta Aluminium’s overall strategy, with a focus on improving operational efficiency, driving digital transformation, and strengthening the company’s environmental, social, and governance (ESG) initiatives.
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Vedanta’s demerger plans are another major reason why the stock is in focus. The company is in the process of splitting into five separate listed entities aluminium, oil and gas, power, steel, and base metals
In an interview with CNBCTV18, Vedanta’s founder, Anil Agarwal said that the demerger has already received approval from shareholders and creditors, and the final nod from the National Company Law Tribunal (NCLT) is expected within the next 4-6 weeks. However, he stopped short of confirming an exact timeline for completion.
Shareholders will receive one share in each newly formed company without any changes to their overall ownership structure.
How is Vedanta’s stock performing?
Vedanta’s stock has been experiencing a mixed run in the markets. Over the last five trading sessions, the stock has seen a modest 0.3% increase. The stock price has surged by 15%
ALSO READEach demerged Vedanta firm has potential to be $100-bn company, says chairman Agarwal
Looking at the long-term trend, in the last six months, Vedanta’s shares have declined by 9%.
On a broader scale, the share price of Vedanta has rallied 71% over the past year. Since the start of 2025, Vedanta has delivered a 5% return to investors.
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