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Vedanta incorporates wholly owned subsidiary

13 Oct 2023 Evaluate

Vedanta has incorporated wholly owned subsidiary (WOS) company namely ‘Vedanta Iron And Steel’ on October 10, 2023 for the purpose of implementation of demerger scheme. Vedanta Iron and Steel is a public company incorporated under the provisions of the Companies Act, 2013, with its registered office in the State of Maharashtra. Its main object is to carry out the Iron and Steel business. 

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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