• Aluminium margin outlook: Aluminium prices are projected to hold between $3,500 and $3,700 per tonne, with EBITDA margins expected to remain at $1,700 to $2,000 per tonne over the next 1 to 1.5 years. The company has tactically hedged 25% of remaining volumes for the year at $3,100 per tonne.
• Oil production targets: Output in the oil and gas business is guided to ramp up from the last quarter's run rate of 80 KBOEPD to 100 KBOEPD by March end through enhanced drilling and ASP injection.
• Capacity expansion plans: Vedanta plans to expand Electrosteel capacity organically from 3 MTPA to 5 MTPA and eventually to 15 MTPA, while merchant power capacity is targeted to increase from 5 GW to 7–8 GW.
• Cash flow and deleveraging: The group expects roughly $10 billion in annual EBITDA and $5 billion in free cash flow, which management noted is sufficient for growth and deleveraging without needing further stake sales.
• Real estate demerger: The board approved the demerger of more than 2,000 acres of real estate assets, with the separate entity expected to list within 9 to 12 months following NCLT approval.