Vedanta invested over $1 billion in net-zero transition in FY26

Mining giant Vedanta invested more than $1 billion in net-zero transition initiatives during FY26, the company said. The group's renewable energy utilisation rose 52 per cent year-on-year to 4 billion units, equivalent to the annual electricity consumption of about 3 crore Indian households. Vedanta now has nearly 2,000 MW of installed and contracted renewable capacity, targeting 2.5 GW of round-the-clock clean power by 2030.

The investments helped avoid approximately 3 million tonnes of carbon dioxide equivalent emissions, while greenhouse gas emissions intensity across the group's metals and mining production fell about 14 per cent from the FY21 baseline. Vedanta subsidiary Hindustan Zinc separately said its renewable energy share rose to 22 per cent of total power consumption, up from 18 per cent in FY26, and targets 70 per cent by FY28. Hindustan Zinc increased its round-the-clock renewable power delivery agreement with Serentica Renewables from 450 MW to 530 MW.

Vedanta shares rose over 3 per cent on the day of the announcement. The group's net-zero push comes as India pursues its target of 500 GW of non-fossil fuel capacity by 2030 and net-zero emissions by 2070. Analysts said sustained gains would depend on earnings, commodity prices and the capital expenditure involved in the transition.