Vedanta Limited has initiated a significant capital raise of ₹3,000 crore through the issuance of unsecured, rated, and redeemable non-convertible debentures (NCDs). The board-constituted Committee of Directors finalized this move on February 25, 2026, approving the private placement of 3,00,000 NCDs with a face value of ₹1,00,000 each. These instruments are slated for listing on the BSE. Market reaction to the announcement was immediate and positive. Vedanta’s share price surged over 5% during intraday trading on Wednesday, reaching a high of ₹732.35. This rally brings the stock within 5% of its 52-week high of ₹769.80 achieved in January. Global brokerages have responded by upgrading the stock to a "Buy" rating, significantly raising price targets to reflect improved outlooks for the company’s core commodities. CRISIL Ratings has assigned a 'CRISIL AA' rating to the new NCDs while maintaining a 'Rating Watch with Developing Implications.' This status reflects the ongoing monitoring of the company’s massive corporate restructuring plan, which involves the demerger of its aluminum, oil and gas, power, and iron and steel businesses into separate listed entities. The demerger is expected to reach a conclusion by the end of the current fiscal year. The company’s financial health shows robust momentum. For the third quarter ending December 2025, Vedanta reported a record consolidated profit after tax of ₹7,807 crore, a 60% increase year-on-year. Revenue grew 19% to reach an all-time high of ₹45,899 crore. Operating performance was particularly strong in the aluminum segment, where production hit record levels while costs of production fell by 11%. Deleveraging remains a primary focus for the group. The Net Debt to EBITDA ratio improved significantly to 1.23x from 1.40x a year ago. Gross debt stood at ₹80,709 crore as of December 31, 2025, supported by a healthy cash position of over ₹20,000 crore. These figures indicate a strengthening balance sheet as the company manages its capital requirements and parent-level debt obligations. The broader metals and mining sector in India is experiencing a transformation, with projections suggesting the industry could become a $1.5 trillion powerhouse by 2035. Demand for non-ferrous metals like zinc and aluminum is expected to grow by 7% to 10% in 2026, driven by aggressive infrastructure development and the expanding electric vehicle market. Vedanta is positioning itself to capture this growth through a $5 billion clean energy investment plan and record-breaking operational outputs. This recent fundraising effort is a tactical step in the company’s broader strategy to optimize its capital structure and support its diversified portfolio during the critical demerger transition.