Vedanta Takes Over Sole Nickel Producer in India: BS

Vedanta Ltd, led by Indian business tycoon Anil Agarwal, says it has acquired the Goa-based leading nickel and cobalt producer Nicomet, Business Standard reported.

The acquisition comes when the nickel market is tightening with a surge in battery demand and an increase in global stainless steel production in recent years, the report said, citing a press release.

Read the full report: Business Standard.

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Tags: Vedanta

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.