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Will the chips fall into place for Vedanta?

The semiconductor project will be undertaken by Volcan Investments – the holding company of Vedanta, rather than by Vedanta itself. However, the benefits of vertical integration will eventually trickle down to Vedanta

September 23, 2022 / 09:22 AM IST
Will the chips fall into place for Vedanta?

Anil Agarwal (extreme right), Chairman, Vedanta, at the MoU signing ceremony between Vedanta Limited and Government of Gujarat to set up a semiconductor plant in Ahmedabad district. (File image)

Highlights The Vedanta stock has moved in tandem with the metals sector  Vedanta has been in the news recently for its semiconductor foray The government has formulated an attractive PLI scheme for semiconductors Diversification of semiconductor production away from Taiwan makes India a destination for setting up the project The semiconductor project will be undertaken by Volcan Investments – the holding company of Vedanta--rather than by Vedanta itself But the benefits of vertical integration will eventually trickle down to Vedanta Vedanta has been on a rollercoaster...

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