Vedanta Power Limited

NSE: VEDPOWER · Power Generation

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52W Range₹28 – ₹50

Snapshot

Unlock Vedanta Power Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Vedanta Power Limited is a prominent Indian power generation company operating a diverse portfolio of conventional thermal and renewable energy assets. The company supplies electricity to state boards, commercial entities, and industrial consumers while supporting the captive power needs of its parent group.

Business Model

The company generates revenue by supplying electricity through long-term and short-term power purchase agreements to state electricity boards, commercial entities, and industrial consumers. It also provides captive power solutions to meet the operational requirements of its parent group's metallurgical and natural resources operations.

Management Commentary

Management emphasises enhancing operational efficiency and integrating sustainable practices across utility-scale projects to support India's transition toward a cleaner energy mix. The leadership is committed to reducing the company's carbon footprint while scaling up renewable energy sources such as solar and wind.

Growth Outlook

Near-term growth is driven by the ongoing expansion into renewable energy sources like solar and wind power to meet India's rising energy demands. Further opportunities lie in optimising utility-scale projects and improving operational efficiency across the asset portfolio.

Key Risks

  • Fuel Supply and Price Volatility. Fluctuations in the availability and pricing of coal and other primary fuels can significantly impact thermal power generation margins.
  • Regulatory and Tariff Risks. Changes in government regulations, environmental norms, and tariff determinations by regulatory bodies can affect profitability.
  • Counterparty Credit Risk. Dependence on state electricity boards for power off-take exposes the company to potential payment delays and collection challenges.
  • Execution and Integration Risk. Scaling up renewable energy projects involves complex capital expenditure and execution risks associated with technology integration.

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Peers · Power Generation

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Vedanta Power LimitedVEDPOWER
₹13,503 Cr———20.0%———
Clean Max Enviro Energy Solutions LimitedCLEANMAX
₹14,723 Cr———19.0%———
Nava Ltd.NAVA
₹14,637 Cr19.4×7.939.0%43.2%11.9%12.0%-16.5%
Juniper Green Energy LimitedJNPR
₹14,491 Cr———8.0%———
Jaiprakash Power Ventures Ltd.JPPOWER
₹9,280 Cr19.3×6.868.8%30.2%5.1%6.6%-24.9%
Reliance Power Ltd.RPOWER
₹7,680 Cr-24.4×7.772.9%35.6%-2.0%4.9%-60.0%

As of Mar 2026

Financials