Vedanta’s focus comes after the Chhattisgarh plant incident that killed 10 workers. The company responds

Shares of Vedanta Ltd are likely to come under pressure in Wednesday’s trade after the company reported that 10 workers were killed and 24 others injured in an incident at Unit-1 boiler of its Athena power plant in Singharai, Chhattisgarh.

The company also said that it has launched a detailed investigation into the incident in coordination with its subcontractors and relevant authorities and is in the process of obtaining more details.

Vedanta said its immediate priority is to provide the best possible medical assistance and treatment to those affected and to support the families of the deceased. The company added that it is working closely with medical teams and local authorities while providing full support to the injured.

Reacting to the incident, Vedanta chairman Anil Agarwal said in a post on microblogging platform X that he was deeply saddened by the tragedy. “Deeply saddened by the tragic accident at Singhitarai plant in Chhattisgarh. Everyone affected is my family. Your tears are mine. Your pain is mine,” he said.

“Our full support, in every way, is with you. A thorough investigation is underway. All due procedures will be followed. No stone will be left unturned,” Agarwal added. Vedanta has said it is extending full support to the injured, coordinating with medical teams and authorities and has launched a detailed investigation into the incident.

Vedanta Q3 snapshot

Vedanta reported a 61% year-on-year jump in consolidated profit in the third quarter, with revenue rising 19% to Rs. 45,899 crores. EBITDA grew 34% yoy and 31% sequentially to a record ₹15,171 crore, while margins expanded sharply to 41%, supported by higher metal prices, stronger premiums, improved volumes and cost efficiencies.

The aluminum business emerged operationally, with alumina production up 57% year-on-year to a record 794 kg tonnes, while aluminum production costs fell 11% year-on-year to $1,674 per tonne, helping margin expansion. Zinc India and International Zinc operations also showed strong growth due to favorable commodity prices and improved volumes.

Strong operating performance translated into better capital efficiency, with return on employment up nearly 300 basis points to 27% from a year ago.

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