New Delhi, Sept. 16 -- Billionaire Anil Agarwal's ambitious plan to split the Vedanta group into five listed entities may have been delayed, but the mining-to-metals conglomerate still aims to achieve the milestone in the current year.

The National Company Law Appellate Tribunal (NCLAT) has cleared the way for Talwandi Sabo Power Ltd's (TSPL) demerger from India-listed Vedanta Ltd, said Deshnee Naidoo, chief executive officer of the group's London-based parent Vedanta Resources. Separately, the group expects progress when the National Company Law Tribunal (NCLT) hears the ministry of petroleum and natural gas' (MoPNG's) objections to the demerger on 17 September.

MoPNG is concerned that the scheme could impede its ability to recover gov...