Vedanta Group Chairman Anil Agarwal has reaffirmed his strong commitment to dividends, saying that “dividend is in my blood.” Even as the group moves ahead with its plan to demerge into multiple independent companies, Agarwal emphasized that shareholder returns through dividends will remain a top priority.
Speaking after the approval of Vedanta’s demerger plan, Agarwal said the group will continue its ambitious $20 billion expansion across various businesses after the split, while consistently rewarding shareholders with dividends.
The National Company Law Tribunal (NCLT) on Tuesday approved Vedanta’s plan to split into five separately listed companies. The restructuring is aimed at sharpening business focus, unlocking value, and ensuring steady cash flows without constraining capital expenditure.
After the demerger:
- The base metals business will remain under Vedanta Limited
- Vedanta Aluminium
- Talwandi Sabo Power
- Vedanta Steel and Iron
- Malco Energy (oil and gas business)
will operate as four other independently listed entities.
Reiterating his philosophy, Agarwal said, “No matter what happens, our companies will always pay dividends.”
Vedanta continues to be one of India’s highest dividend-paying companies, with dividends forming a significant part of shareholder returns over the past few years.
For the FY 2025–26, the company has announced:
- A first interim dividend of ₹7 per share (totaling ₹2,737 crore)
- A second interim dividend of ₹16 per share (totaling ₹6,256 crore)
In FY 2023–24, Vedanta paid a total dividend of ₹29.50 per share through multiple interim payouts. This was followed by an even higher total dividend of around ₹46 per share in FY 2024–25. With the demerger now approved, investors are closely watching how the newly formed entities will deliver growth while maintaining Vedanta’s strong dividend legacy.
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