June 16, 2008
Vedanta Resources to Invest $20 Billion in Indian Power and Metals Expansion, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- Vedanta Resources PLC (LSE:VED) (London), an integrated and diversified FTSE 250 (Financial Times top stock index) metals and mining group, plans to invest $20 billion in India over the next four years in a major expansion drive spanning electricity generation, metal and mining operations. Of these, 70% will be invested in the aluminum and power generation sectors while the remaining 30% will be invested in expansions in its copper and zinc operations. The investment plan is for organic growth to establish the group's presence in emerging markets.
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SOURCE: Industrial Info Resources