New Delhi, June 3, 2026: The Enforcement Directorate (ED) is carrying out searches at Vedanta Group offices in Mumbai and Delhi as part of an inquiry under the Foreign Exchange Management Act (FEMA), as reported by various media outlets.
According to sources quoted by CNBC-TV18, the searches are connected to royalty payments made by Vedanta to its parent company.
News agency ANI also reported that ED officials are taking action against the Vedanta Group under FEMA regulations.
Vedanta has confirmed the searches and stated that the company is fully cooperating with the authorities.
In a statement to CNBC-TV18, a company representative said, “We are fully cooperating with the authorities and providing all the information requested. The company remains committed to following all applicable laws and regulations.” The company also mentioned it would not provide further comments as the matter is still under regulatory review.
This development occurs at a significant time for the conglomerate, which is progressing with a major corporate restructuring.
Last month, Vedanta Group Chairman Anil Agarwal announced that all four demerged entities of the group are expected to be listed separately within a month.
As part of the demerger plan, Vedanta Aluminium aims to increase production from 3 million tonnes to 6 million tonnes in three years.
The oil and gas division plans to boost output to 500,000 barrels per day over the next three to five years. The power business aims to expand from 4,000 MW to 20,000 MW, while the iron and steel division intends to raise its capacity from 4 million tonnes to 15 million tonnes, with a focus on green, electrical, and specialty steel.
The ED investigation is still ongoing, and no official findings or charges have been released yet.