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Vedanta Power Clarifies ₹921 Crore VAML Transaction After Market Hours
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CNBC Awaaz•12-10-2026, 20:42
Vedanta Power Clarifies ₹921 Crore VAML Transaction After Market Hours
- •Vedanta Power has issued a clarification regarding concerns raised by proxy advisory firm IiAS over postal ballot proposals.
- •The company reiterated details of Related Party Transactions worth ₹921 crore with Vedanta Aluminium Metal Limited.
- •The total amount includes ₹505 crore in recovery of expenses, ₹330 crore in reimbursement, and various goods and services transactions.
- •Electricity is purchased from VAML captive power plant to meet the requirements of the Jharsuguda Independent Power Plant during shutdowns.
- •The company also detailed related party transactions worth ₹4,860 crore with Vedanta Limited, largely related to Shakti Thermal Power Plant.
Key Questions Answered
The ₹921 crore transactions with VAML include ₹505 crore in expense recovery, ₹330 crore in expense reimbursement, ₹50 crore for goods and services purchases, ₹35 crore for goods and services sales, and ₹0.55 crore each for asset purchases and sales.
Vedanta Power procures electricity from VAML's captive power plant to meet the operational requirements of the Jharsuguda Independent Power Plant during plant shutdowns.
Vedanta Power detailed related party transactions worth ₹4,860 crore with Vedanta Limited, which includes ₹842 crore for the recovery and reimbursement of expenses mainly tied to the transfer of the Shakti Thermal Power Plant.
