Vedanta Ltd. has appointed Rajiv Kumar as the Chief Executive Officer (CEO) of its aluminium business for a term of 3 years, effective March 26, 2025.
As of 12:50 PM on March 27, Vedanta share price was trading at ₹468.05, up ₹3.90 (0.84%) for the day, having gained 15.70% over the past month but down 8.76% in the last six months.
The company’s board of directors approved the appointment during a meeting held on March 26, 2025, based on the recommendation of the Nomination and Remuneration Committee. Kumar has also been designated as Senior Management Personnel (SMP) at Vedanta Limited.
Rajiv Kumar joins Vedanta from Tata Steel Ltd. He has been with the company since 1990 and has held various leadership positions in the steel and mining sectors. On March 12, 2025, Tata Steel announced that Kumar had resigned from his role as Vice President – Operations at Tata Steel Kalinganagar, with immediate effect. A replacement has not yet been announced.
Kumar has a degree in Metallurgical Engineering from BIT Sindri and a General Management degree from INSEAD, France.
Kumar will be responsible for overseeing the strategy of the aluminium business. This includes work related to the ongoing demerger process, development of partnerships, marketing, and handling ESG-related functions. He will also focus on digitalisation and operational processes within the aluminium vertical.
Vedanta is currently in the process of demerging its operations into five separate listed entities: aluminium, oil and gas, power, steel, and base metals. The demerger has been approved by shareholders and creditors. As part of the plan, shareholders will receive one share in each resulting entity, with no change to the overall shareholding pattern.
The board meeting on March 26, 2025, started at 3:00 PM and concluded at 4:10 PM.
The appointment of Kumar comes at a time when Vedanta is restructuring its business into multiple independent entities.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 27, 2025, 1:50 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates