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Vedanta to invest $1.5 billion across oil, zinc, steel business

28 Mar 2022 Evaluate

Vedanta has planned to invest $1.5 billion across its oil and gas, zinc and steel businesses. Its board at a meeting approved $687 million capital spending for drilling of new wells at the firm's oil and gas unit, Cairn Oil & Gas.

It also approved a $466 million phase-2 expansion of the Gamsberg zinc project in South Africa and another $348 million for steel expansion.

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.

Vedanta Share Price

298.35 1.90 (0.64%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1023.30
Vedanta 298.35
Hindustan Zinc 628.85
Jain Resource Recycl 559.20
Gravita India 1775.40
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