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Vedanta plans to invest $10 billion on expanding business: Report

20 Feb 2017 Evaluate

Vedanta, a mining conglomerate, is reportedly planning to invest $10 billion in 3-4 years on expanding business across verticals. The company is looking to integrate 3 million tonnes capacity for the aluminium.  Meanwhile, the merger of Cairn India and Hindustan Zinc with Vedanta is likely to be completed in the current quarter, creating India's largest diversified natural resources firm.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil & gas, zinc - lead - silver, copper, iron ore, aluminium and commercial power. The company has a presence across India, South Africa, Namibia, Australia, Ireland, Liberia and Sri Lanka.

Peers
Company Name CMP
Hindalco Industries 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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