Big update on Vedanta Limited's power unit, keep an eye on the stock:The company has also said that it is considering demerger (split) as part of its growth plan, so that the business can be expanded in a better way.

News Topical, Digital Desk : Vedanta Limited's power unit has given an important statement regarding the future of the energy sector in a conversation.

The company says that even though renewable energy is the center of discussion today, thermal power will still remain the major source of base load to meet the energy needs of the country.

"There's no future for renewables without grid stability." According to the company, renewable energy expansion is only possible if grid stability is ensured. Without a strong grid, it will be difficult to rely solely on energy sources like solar and wind.

Plants acquired through NCLT now operational Vedanta Power stated that the non-working power projects acquired through NCLT (National Company Law Tribunal) have now been made operational. 1,000 MW of capacity is now operational at the Meenakshi plant in Andhra Pradesh. 600 MW of capacity has been commissioned at the Athena plant in Chhattisgarh. The company has also stated that it is considering a demerger as part of its growth plan to expand its business more effectively. Vedanta Power is now planning to acquire more stressed assets through NCLT to increase its production capacity and market share.