Vedanta Resources to Invest $20 Billion in Indian Power and Metals Expansion, an Industrial Info News Alert
Posted on: Monday, 16 June 2008, 06:00 CDT
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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.
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Contact: Joe Govreau 713-783-5147
SOURCE: Industrial Info Resources
Source: MARKET WIRE
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