Vedanta Share Price in Focus After NCLT Nod for Incab Industries Resolution

Vedanta Limited has successfully acquired Incab Industries Limited, marking a significant expansion into the downstream copper and aluminium industry.  

This acquisition was approved by the National Company Law Tribunal (NCLT) Kolkata on December 3, 2025. 

Details of the Acquisition 

Vedanta Limited has acquired 100% of the paid-up capital and management control of Incab Industries Limited for ₹545 crore. The acquisition was made through an upfront cash payment, planned from Vedanta's internal accruals.  

This strategic move allows Vedanta to leverage vertical and downstream synergies, particularly given Incab's focus on power cables and industrial wires manufacturing, which utilise copper and aluminium as key raw materials. 

Incab Industries, with its headquarters in Kolkata, operates 2 manufacturing plants in Jamshedpur and Pune. The Pune plant's proximity to Vedanta's Silvassa copper unit, located just 300 km away, further enhances operational efficiencies. 

Regulatory Approvals and Timeline 

The acquisition process began when Incab Industries was admitted into insolvency on August 7, 2019. The Committee of Creditors approved Vedanta's resolution plan on June 23, 2022.  

Following this, the NCLT Kolkata granted its approval on December 3, 2025. Vedanta plans to complete the acquisition within 90 days from the order's approval date. 

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Vedanta to Expand Its Footprint  

The acquisition of Incab Industries aligns with Vedanta's strategy to expand its footprint in the downstream copper and aluminium sectors.  

The move is expected to bolster Vedanta's growth in infrastructure and transmission, given the increased demand for power cables and industrial wires. The acquisition also involves plans to infuse capital expenditure and working capital to revive Incab's currently non-operational plants. 

Vedanta Share Price Performance 

As of December 4, 2025, at 9:16 AM, Vedanta share price on NSE was trading at ₹536.60 up by 0.71% from the previous closing price. 

Conclusion 

Vedanta's acquisition of Incab Industries for ₹545 crore marks a strategic expansion into the downstream copper and aluminium industry. With regulatory approvals in place, Vedanta is poised to leverage synergies and enhance its operational capabilities in the sector. 

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