Vedanta Limited has announced that its board of directors is scheduled to convene on Thursday, October 8, 2026, to deliberate and potentially approve the first interim dividend for the financial year 2026-27. This crucial meeting follows the company's recent release of its business and production updates for the second quarter, which were announced on October 3, 2026.
If the board declares a dividend, the company has already set Wednesday, October 14, 2026, as the record date. This date will be used to determine which equity shareholders are eligible to receive the said dividend.
Q2 FY27 Business Performance Highlights
The announcement comes amidst varying performance across Vedanta's diverse business segments during the second quarter of FY27. The company's key operations reported the following:
Hindustan Zinc
- Mined metal production saw a 5% year-on-year increase, reaching 271 kilotonnes (KT) in Q2 FY27, up from 258 KT in the corresponding period last year. This growth was attributed to higher ore production.
Vedanta Power
- Power sales surged by 26% year-on-year, totaling 5,593 million units (MU) in the September quarter of FY27, compared to 4,433 MU a year earlier. For the first half of FY27, sales were up 32% to 10,817 MU, driven by improved plant performance and availability.
Vedanta Iron and Steel
- Saleable ore production experienced a 13% year-on-year decline to 5.2 million dry metric tonnes (Mn DMT) during the July-September quarter. However, steel production showed resilience, with saleable steel output rising 4% year-on-year and hot metal production increasing by 3%. Production from Goa mines specifically rose 22% due to ramped-up operations.
Vedanta Aluminium
- The aluminium business achieved its highest-ever quarterly production, reaching 649 KT in Q2 FY27. Production for the first half of the fiscal year also hit a record 1,281 KT, supported by new smelter capacity and enhanced efficiency.
Vedanta Oil and Gas
- The oil and gas segment recorded a 19% year-on-year decline in average daily gross operated production, falling to 72.2 thousand barrels of oil equivalent per day (kboepd) in the September quarter, from 89.1 kboepd in the prior year. Average daily working-interest production also decreased by 18% to 47.8 kboepd.