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Vedanta increases sourcing of green energy

30 Sep 2022 Evaluate

Vedanta has increased sourcing of green energy to 1 GW for various operations and is seeking bids for the supply of another 500 mw of renewable energy. It aims to use up to 2.5 GW of renewable power by 2030.

The company has invited expression of interest for supply of hybrid renewable power for its manufacturing units in Rajasthan, Chhattisgarh and Odisha. Vedanta had previously obtained 580 mw round-the-clock green energy through Serentica Renewables.

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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