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Vedanta’s arm planning to pump another Rs 25,000 crore in Odisha

15 Sep 2022 Evaluate

Vedanta’s subsidiary -- Vedanta Resources, which has the single largest investment of Rs 80,000 crore in Odisha, is planning to pump in another Rs 25,000 crore for expansion of its aluminium, ferrochrome and mining businesses in the state. With this quantum of investment, the company is contributing nearly four per cent to Odisha’s state GDP through its operations (direct and indirect).

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 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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