Vedanta group is aiming to start building its Rs 1.5 lakh crore semiconductor plant in October-December this year and producing electronic chips by the first half of 2027. The group has submitted all the technology tie-ups to the government and banks are comfortable in funding the project cost in the ratio of 70 and 30 (from the company) after adjusting subsidy.
A semiconductor plant comes out with a large semiconductor disc, which is then processed to make electronic chips. Vedanta will also set up OSAT (outsourced semiconductor assembly and test) plant that will process the semiconductor wafers for making them usable by automobile and electronics companies.
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 is a Vedanta Group company.
