Mumbai, India – June 15, 2026 – The newly demerged entities of the metal and mining conglomerate Vedanta, Vedanta Oil and Gas (VOGL) and Vedanta Iron and Steel (VIS), experienced a notable dip in their share prices on their inaugural day of trading on the stock exchanges.
Vedanta Oil and Gas shares opened 5% lower at Rs 37.05 on the BSE, with its market capitalization standing at Rs 14,487 crore. On the NSE, VOGL also slipped 5% to Rs 36.10, reflecting a market cap of Rs 14,116 crore.
Similarly, Vedanta Iron and Steel shares began trading with a 5.39% decline, settling at Rs 21.05 in early deals on the BSE. This resulted in the Vedanta Group firm’s market capitalization falling to Rs 8231 crore.
Context of Vedanta's Demerger
The listing of VOGL and VIS marks a significant step in Vedanta’s strategic demerger plan, which aims to unlock value by separating its diverse businesses into distinct entities. Besides Oil and Gas and Iron and Steel, two other newly created entities, Vedanta Aluminium Metal (VAML) and Vedanta Power, also listed on the BSE and NSE today.
About the New Entities
- Vedanta Oil & Gas (VOGL): Operating under the brand 'Cairn', VOGL is positioned as India’s leading private sector oil and gas exploration and production company. It holds interests in 44 blocks, covering over 47,000 square kilometers across India, crucial for strengthening the nation’s energy security.
- Vedanta Iron & Steel (VIS): This entity operates as a fully integrated Iron & Steel enterprise, leveraging a robust value chain with significant resource security and value-added production capabilities. The company website indicates it possesses 4 billion tonnes of reserves and resources.
The debut performance of these entities will be closely watched by investors as Vedanta continues to restructure its vast portfolio to enhance shareholder value and operational focus across its key sectors.