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Vedanta’s aluminium business enters into pact with GEAR India

06 Jan 2022 Evaluate

Vedanta’s aluminium business has entered into a pact with GEAR India to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts in the country. The company will commission 23 such forklifts in a phased manner over the next few months at its aluminium smelter in Jharsuguda, Odisha, which is one of the world's largest single-location aluminium smelters.

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 860.50
Vedanta 226.00
Hindustan Zinc 497.00
Jain Resource Recycl 289.30
CMR Green Tech 196.00
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