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Vedanta signs MoU for value-creation from bauxite residue

12 Apr 2021 Evaluate

Vedanta, India’s largest producer of aluminium and its value-added products, has signed a memorandum of understanding (MoU) for value-creation from bauxite residue (red mud), which is a by-product generated during processing of bauxite into alumina using the Bayer process.

Bauxite is the primary ore for aluminium that undergoes an intermediate refining stage to produce alumina, which then undergoes electrolysis for producing aluminium. Abundantly available on the Earth's crust, mining of bauxite is one of the most inherently sustainable mining processes.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 940.00
Vedanta 255.00
Hindustan Zinc 561.60
Jain Resource Recycl 290.50
CMR Green Tech 221.35
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