Mining major Vedanta is planning to raise up to Rs 1,250 crore through issuance of non-convertible debentures (NCDs). In this regard, the company has received its board’s approval at its meeting held on September 30, 2016.
Recently, Vedanta was planning to invest around $250-300 million in expanding Hindustan Zinc’s capacity. With this investment, Hindustan Zinc’s capacity would expand to 1.2 million tonnes per year over the next 2-3 years from the current 0.90 million tones.
Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.
