#Vedanta Ltd acquires #Nickel and #Cobalt maker Nicomet in Goa
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: