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Vedanta Limited ( (IN:VEDL) ) has shared an update.
Vedanta Limited has received approval from the National Company Law Tribunal Kolkata for its acquisition of Incab Industries Limited, a company specializing in the manufacturing of power cables and industrial wires using copper and aluminum. This strategic acquisition is expected to enhance Vedanta’s operations in the downstream copper and aluminum sectors, providing vertical and downstream synergies, and supporting the company’s growth in infrastructure and transmission.
More about Vedanta Limited
Vedanta Limited is a diversified natural resources company primarily engaged in the exploration and production of oil and gas, zinc, lead, silver, copper, iron ore, aluminum, and commercial power. The company is expanding into the downstream copper and aluminum industry with its recent acquisition.
Average Trading Volume: 601,014
Technical Sentiment Signal: Buy
Current Market Cap: 2104.8B INR
Learn more about VEDL stock on TipRanks’ Stock Analysis page.