• Vedanta plans to split into five entities to reduce debt and unlock value.

• The group targets a combined valuation of $50 billion versus a current $27 billion market capitalization.

• The company invests $1.5 billion to double copper production at Zambia’s Konkola mine.

Vedanta plans to split into five independent entities early next month as part of a multi-year restructuring strategy. The move comes as the group prepares to expand its copper operations in Zambia through additional investment in its Konkola mine. Moreover, the Financial Times reported the development on March 28, citing chairman Anil Agarwal.

The restructuring plan the creation of four new companies: Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy. Vedanta Limited will remain the parent entity and will consolidate base metals operations, including copper. Furthermore, the group intends to streamline its structure to improve operational focus across business segments.

Beyond organizational restructuring, Vedanta aims to reduce its debt burden. The group estimates that the five entities could reach a combined valuation of $50 billion, more than double its current market capitalization of $27 billion.

Therefore, the restructuring could strengthen the company’s financial position and support its growth investments.

Vedanta plans to scale up copper production in Zambia, particularly at the Konkola mine. The company targets output of around 140,000 tonnes in the short term and aims to reach 300,000 tonnes annually by 2031.

In November 2025, Vedanta announced a $1.5 billion investment to double production capacity at the site. However, the group has not yet detailed the financing structure for this expansion.

In addition to Zambia, Vedanta operates zinc assets in Namibia and South Africa. Market participants will closely monitor the group’s restructuring and expansion strategy across these regions.

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange J.A de Berry Quenum