Vedanta Limited’s thermal power units, Meenakshi Energy (MEL) and Vedanta Limited Chhattisgarh Thermal Power Plant (VLCTPP), have jointly won a 500 MW Power Purchase Agreement (PPA) from the Tamil Nadu Power Distribution Corporation (TNPDCL). The five-year agreement, effective from February 1, 2026, to January 31, 2031, is priced at Rs 5.38 per kWh. Meenakshi Energy…
The Competition Commission of India (CCI) has cleared the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. Vedanta, a subsidiary of Vedanta Resources Limited, operates across multiple sectors including oil and gas, zinc, lead, silver, copper, iron ore, steel,…
Vedanta Limited has announced that its wholly-owned subsidiary, Talwandi Sabo Power Limited (TSPL), has resolved long-standing disputes with SEPCO Electric Power Construction Corporation through a settlement agreement. The agreement was signed on 11 September 2025 and provides for full and final closure of all claims and counterclaims between the two parties. It also covers the…
Meenakshi Energy Limited (MEL), a subsidiary of Vedanta, has announced the full operationalisation of its 1,000 MW thermal power project in Tirupati, Andhra Pradesh. The commissioning was completed within two years of Vedanta’s acquisition of the asset through the insolvency process. The plant comprises two 350 MW units and two 150 MW units. The 150…
Vedanta Limited has scaled up its round-the-clock (RTC) renewable energy capacity to 1.03 GW through a combination of wind, solar, and pumped storage projects. This expansion is expected to reduce carbon emissions by over 6 million tonnes each year. As part of its decarbonisation plan, the company reported using 2.61 billion units of renewable energy…
Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO),…
Vedanta has announced plans to invest more than Rs 1 trillion in Rajasthan, covering its zinc, renewable energy, and oil and gas divisions. This investment is expected to create around 200,000 jobs and support the development of over 500 downstream industries across various sectors. Hindustan Zinc, a Vedanta Group company, will invest Rs 300 billion…