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Anil Agarwal-led Vedanta Ltd has acquired Nicomet, a Nickel and Cobalt producer based in Goa making Vedanta the sole producer of Nickel in India.

“India imports 100% of its Nickel requirements; our focus will be to boost domestic production that would fuel India’s transition to a Net Zero economy,” chairman Anil Agarwal said in a release on Monday.

India’s demand for nickel is currently pegged at 45 KTPA, as per reports, which is entirely met through imports. At present, Nicomet’s plant has a capacity to produce 7.5 KTPA Nickel & Cobalt.

Read more at:
https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/vedanta-ltd-acquires-nickel-and-cobalt-maker-nicomet-in-goa/articleshow/88389538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst