Mumbai, November 8 (Udaipur Kiran) — Shares of Vedanta Limited edged higher on Friday after the company announced that it has signed a power supply agreement with the Tamil Nadu Power Distribution Company (TNPDCL) for providing 500 megawatts (MW) of electricity at a tariff of ₹5.38 per kWh.
The stock was trading at ₹508.00, up by ₹3.20 or 0.63% from its previous close of ₹504.80 on the BSE. During the session, it opened at ₹502.95 and touched an intraday high of ₹508.00 and a low of ₹497.60. A total of 1,66,443 shares were traded on the counter.
The BSE Group ‘A’ stock, with a face value of ₹1, has recorded a 52-week high of ₹527.00 (on December 16, 2024) and a 52-week low of ₹362.20 (on April 7, 2025). The company’s market capitalization currently stands at ₹1,97,552.80 crore.
Promoters hold 56.38% of the company’s shares, while institutional and non-institutional investors hold 27.27% and 16.34%, respectively.
Under the agreement, Meenakshi Energy Limited (MEL) — Vedanta’s Andhra Pradesh-based business unit — will supply 300 MW, while the Vedanta Chhattisgarh Thermal Power Plant (VLCTPP) will provide 200 MW to TNPDCL. The five-year contract, effective from February 1, 2026, to January 31, 2031, was finalized through a competitive bidding process.
Vedanta Power, which includes Meenakshi Energy and the Chhattisgarh Thermal Power Plant, secured the largest allocation of 500 MW out of a total 1,580 MW tendered by TNPDCL.
The company said this long-term agreement strengthens its commercial power portfolio and supports Tamil Nadu’s growing energy demand.
Vedanta Limited is one of India’s leading diversified natural resources companies, with interests spanning oil and gas, zinc-lead-silver, copper, iron ore, aluminium, and commercial power.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
Vedanta Gains After Signing 500 MW Power Supply Pact with TNPDCL
