Vedanta doubles South Africa zinc production capacity to 500,000 tonnes with $600 million investment
Vedanta set out an expansion.
· LiveMint Companies, Business Today Mkts
Vedanta has doubled its annual zinc production capacity in South Africa to 500,000 tonnes after investing nearly $600 million in the Gamsberg mine expansion. The project supports its target of producing 3 million tonnes of zinc annually across India and South Africa.
The analysis
Against that, the stock is +1.4% on the day at ₹237.90, and has returned -11.1% over three months. It sits 33% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -9.5% over the same period, so Vedanta is running 1.6 points behind its peers.
For Vedanta, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Market context
- In focus: Vedanta (VEDL), in Metals & Mining.
- Over three months: Vedanta -11.1% against Metals & Mining -9.5% (1.6 points behind).
- At least 25% below the 52-week high: Vedanta (33%).
- Vedanta: 52-week and period figures are measured from 30 Apr 2026, when its price was reset by a corporate action (such as a demerger or split).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| VedantaVEDL · Metals & Mining · Price reset 30 Apr 2026 | ₹237.90 | +1.4% | -8.1% | -11.1% | -32.9% | 1.1× | — |
Metals & Mining
1M -9.3% · 3M -9.5%
Vedanta
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Odisha cancels 28.8 acres of land allotted to Vedanta over non-utilisation
Vedanta Oil and Gas swings to ₹746 crore profit in Q2 despite output dip
Vedanta lines up $25 bn investment over next three years for organic growth
Q2 results impact: 2 Vedanta stocks rally up to 14% after Sept quarter earnings. How have they performed since demerger?
Flying high! Vedanta Oil and Gas, Vedanta Power, Vedanta Iron & Steel: Why Vedanta shares jumped up to 13.5%?