Mining Sector

Vedanta Ltd delivered a mixed operational performance in the fourth quarter of FY26, with growth in core metal segments offset by a decline in energy and bulk commodity output. Aluminium and zinc production registered modest increases, reflecting steady demand and operational stability. However, output from iron ore, steel, and oil & gas segments declined, highlighting sector-specific challenges. Notably, oil and gas production fell sharply, underscoring volatility in the energy business.

Hindustan Power has taken a strategic step into India’s critical minerals sector after receiving a Letter of Intent (LoI) for the exploration of the Padhar Platinum Group Elements (PGE) block in Madhya Pradesh. The award follows a competitive forward e-auction conducted by the Union Ministry of Mines, where the company’s group entity emerged as the preferred bidder. This development signals a diversification beyond the company’s traditional energy operations and aligns with India’s broader push to secure domestic sources of strategic minerals.