Vedanta has secured Competition Commission of India’s (CCI) approval to acquire debt-ridden Jaiprakash Associates (JAL) pursuant to a corporate insolvency resolution process (CIRP). JAL is an infrastructure and industrial company engaged in diverse business activities including real estate, cement, hospitality, engineering, procurement, and construction contracting. In addition, certain group companies of JAL are also engaged in power, fertilizer, sports and aviation segments.
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.
