Vedanta Ltd has announced its entry into the real estate sector through the incorporation of a wholly owned subsidiary, Vedanta Property Platforms Ltd (VPPL), aimed at monetising surplus land and non-core property assets.
In a regulatory filing to the BSE on Wednesday, the company said VPPL was incorporated in Mumbai, Maharashtra, on June 22. The new entity will act as a strategic platform for Vedanta’s real estate business and related activities, including potential joint ventures and asset-light development initiatives.
The move is part of Vedanta’s broader strategy to unlock value from idle land holdings and redeploy capital towards strengthening its core metals and energy businesses. The company said the structure will help streamline asset monetisation efforts and support future expansion plans.
VPPL has been incorporated with an authorised capital of ₹1 lakh, divided into 1 lakh equity shares of ₹1 each. Its subscribed capital also stands at ₹1 lakh. Vedanta has fully subscribed to the company’s equity through a cash investment of ₹1 lakh, making it a wholly owned subsidiary.
As the entity is newly formed, it has not yet commenced operations and currently reports no turnover.
Vedanta Ltd is a diversified global natural resources company engaged in metals, critical minerals, oil and gas, and energy operations across India and several international markets, including Africa and the Middle East.
