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Vedanta plans to double Bokaro steel capacity by 2026

pre-market1 source ↓written by the desknot a recommendation

by the end
3 million tonnes per annum
the end
2026

Vedanta Iron & Steel, led by Anil Agarwal, is set to double its steelmaking capacity at the Bokaro plant to 3 million tonnes per annum by the end of 2026. This expansion accelerates the timeline by nearly a year compared to previous guidance, which aimed for completion by FY28.

This move may enhance Vedanta's market position and production efficiency, potentially impacting steel prices and supply dynamics in the sector.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Jul 2026, 07:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

VEDL closed +1.6% on the day of the news, from ₹276.10 to ₹280.40; Nifty +0.4% over the same session; futures OI −1.7%.

Bulletin at 07:06 IST on 3 Jul 2026. Every change is measured from ₹276.10, the last close before it, on 2 Jul. Nifty 50 is measured over the same sessions.

  • VEDL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
VEDL closes around the bulletin against the close before the news, with Nifty 50 rebased to it243.74276.10308.46axis spans 27%before the news · 2 Jul276.10Nifty 50VEDLbulletinD0+1+3+525 Jun8 Jul17 JulFutures open interest, lotspeak 61,000Reference close ₹276.10. 16 sessions from 25 Jun to 17 Jul; the price axis spans 27 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before2 Jul₹276.10basebase
On the day3 Jul₹280.40▲ +1.6%▲ +0.4%+1.2 pp difference
+1 session6 Jul₹282.00▲ +2.1%▲ +1.1%+1.1 pp difference
+3 sessions8 Jul₹272.30▼ −1.4%▼ −1.2%−0.2 pp difference
+5 sessions10 Jul₹272.55▼ −1.3%▲ +0.1%−1.4 pp difference
Gap at the open, % · ₹
▲ +1.1%+2.90 on 3 Jul
Day's range, % · ₹
1.4%≈ 4.0 high to low
Volume on the day
0.44×the 20-session average
Futures OI on the day
▼ −1.7%−960 lots · short covering · price +1.6%
Futures OI open, lots
54,0003 Jul · 28 Jul expiry
Futures premium, ₹
+1.15+0.4% to spot
Puts per call, by OI
0.57from 0.56 the session before
Max pain
280from 280 the session before

Source NSE UDiFF bhavcopy · VEDL on the desk →

Thread · VEDLAll VEDL bulletins →

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