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Corporate News
16-May-24
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Board of Vedanta approves investment in Vedanta Copper International VCI Company
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At meeting held on 16 May 2024
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The Board of Vedanta at its meeting held on 16 May 2024 has approved investment in Vedanta Copper International VCI Company (VCI) for setting up of Continuous Cast Copper Rod Plant – in Kingdom of Saudi Arabia.
VCI is in the process of establishing a state-of-the-art copper rod manufacturing facility with a projected capacity of 125 KTPA in KSA, which will enable the Company to explore more growth opportunities
in new geographies. Post the investment, VCI shall become a direct wholly owned subsidiary of the Company.
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