The project will be funded on a 70:30 debt to equity basis and BALCO will own 26 per cent equity in the SPV BALCO has entered into an agreement with Serentica Renewables India Private Ltd (SRIPL) to set up a special purpose vehicle to source hybrid renewable power for its aluminium operations in Chhattisgarh. Bharat […]
Vedanta to acquire Meenakshi Energy for Rs 1,440 cr – EQ Mag
The mineral and metal miner said that it will acquire the debt- laden power company, Meenakshi Energy for a total cash consideration of Rs 1,140 crore In an exchange filing, the mining company said, “Post submission of bid for Meenakshi Energy under Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code (IBC), Vedanta has […]
Vedanta rolls out electric vehicle policy for all employees – EQ Mag
Vedanta rolls out unique EV policy for all employees · In major push towards green mobility, policy incentivizes employees to switch to EVs · Vedanta has pledged to decarbonize 100% of their light motor vehicles fleet by 2030 New Delhi : In a major step towards sustainability, Vedanta Ltd, a globally diversified natural resources company, […]
Vedanta picks Gujarat for $20-bn semiconductor foray with Foxconn: Report – EQ Mag Pro
Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source Vedanta Ltd has selected Indian Prime Minister Narendra Modi’s home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with […]
Vedanta Picks Gujarat for $20 billion India Semiconductor Foray: Report – EQ Mag Pro
Vedanta obtained financial and non-financial subsidies including on capital expenditure and cheap electricity from Gujarat to build the semiconductor plants, says a source Vedanta Ltd has selected Indian Prime Minister Narendra Modi’s home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with […]
Vedanta outbids JSPL for Athena – EQ Mag Pro
Anil Agarwal-promoted Vedanta has emerged as the best bidder for bankrupt Athena Chhattisgarh Power Ltd, outbidding Naveen Jindal’s Jindal Steel & Power Ltd (JSPL) in an public sale course of that ran for 28 hours, two folks conscious of the event informed ET. Resources conglomerate Vedanta’s ultimate supply of ₹565 crore was a lot larger […]
Vedanta Aluminium says will source 380 MW of green power for smelters – EQ Mag Pro
Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters. Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters. Once online, this project has the potential to reduce the company’s greenhouse gas emissions by […]
Clarification /Confirmation on news item appearing in “Media/Publication”: Vedanta – EQ Mag Pro
Clarification /Confirmation on news item appearing in “Media/Publication”: Vedanta. For more information please see below link:
Vedanta launches low-carbon green aluminium brand ‘Restora’ – EQ Mag Pro
Restora has a GHG emission intensity that is well below four tonnes of CO2 equivalent per tonne of aluminium manufactured the global threshold for aluminium to be considered as low-carbon aluminium, and Restora Ultra has an even lower carbon footprint that is among the lowest in the world. The launch of Restora marks the companys […]
About 2 bn units of RE procured through power exchanges for aluminium smelter : Vedanta – EQ Mag Pro
New Delhi : Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha. Vedanta Aluminium’s business has become the largest industrial consumer of renewable energy in 2021, leading renewable energy procurement on India’s power exchanges– Indian Energy Exchange (IEX) and […]
