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Vedanta’s arm inks pact with AEsir Technologies

30 Jul 2024 Evaluate

Vedanta’s subsidiary -- Vedanta Nico has entered into a pact with US-based AEsir Technologies for the supply of nickel, a critical component for next-generation batteries.

Nickel plays an important role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan. Nickel-rich batteries, such as nickel-zinc variants, offer fast charging, reduce reliance on cobalt, and improve the overall electric vehicle (EV) value proposition.

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

782.75 16.85 (2.20%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1039.65
Vedanta 782.75
Hindustan Zinc 592.45
Jain Resource Recycl 417.45
Gravita India 1668.60
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