New Delhi, June 25(APAC Media): Vedanta Ltd has entered the real estate sector with the incorporation of a new wholly owned subsidiary, Vedanta Property Platforms Ltd (VPPL), marking a diversification move beyond its core mining and metals businesses.
The company informed exchanges that VPPL was incorporated in Mumbai on June 22, 2026, with the certificate of incorporation being uploaded on the Ministry of Corporate Affairs portal a day later. The new entity has been formed to undertake real estate and related business activities.
According to the filing, VPPL has an authorised capital of Rs 1 lakh, consisting of 1 lakh equity shares with a face value of Rs 1 each. The subscribed capital also stands at Rs 1 lakh. The company said the subsidiary has not yet started operations and currently has no turnover.
The move comes at a time when Vedanta is reporting strong financial performance and pursuing expansion across multiple business verticals. For the March quarter, Vedanta reported a net profit of Rs 9,532 crore, up 88.5% from Rs 4,961 crore a year ago. Revenue rose 47.5% year-on-year to Rs 24,609 crore, while EBITDA increased 44% to Rs 7,559 crore.
The company has also guided aluminium production of 2.6–2.7 million tonnes for FY27 and expects production costs to decline to $1,650–$1,700 per tonne from $1,752 per tonne in FY26.
Vedanta shares closed 0.28% higher at Rs 282.50 on the NSE on June 24. The formation of the new subsidiary indicates the company’s intent to create a dedicated platform for future real estate-related opportunities while continuing to strengthen its existing businesses.
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