Vedanta Power to join Nifty 500, Smallcap 250

Vedanta Power, under the leadership of Anil Agarwal, will join the Nifty 500 and Nifty Smallcap 250 indices starting September 30. The company recently went public after separating from Vedanta. The changes will take effect after the market closes on September 29. This inclusion will also make Vedanta Power a part of the Nifty MidSmallcap 400 and Nifty Smallcap 500 indices.

While index inclusion does not guarantee increased investments or a valuation boost, it does broaden the company's exposure to major market benchmarks. This move follows Vedanta Power's plans for significant capacity expansion. Currently, the company operates around 5 GW of generation capacity and aims to add approximately 600 MW by the end of FY27.

Vedanta Power targets 12 GW by FY33, a nearly three-fold increase from its FY26 base. The company's long-term goal is to reach 20 GW. Vedanta Power's portfolio includes the Talwandi Sabo Thermal Power Plant, Sakti Thermal Power Plant, Meenakshi Energy, and Jharsuguda Thermal Power Plant. About 85% of its capacity is tied to long-term domestic coal agreements, ensuring reliable fuel supply.

The company is also pursuing sustainability initiatives. Biomass co-firing at Talwandi Sabo has reached 5% of fuel consumption, and Vedanta Power aims to reduce greenhouse-gas intensity and improve water efficiency. The company seeks to achieve net-zero carbon emissions by 2050 or sooner.