Vedanta gains after its aluminium business enters into pact with GEAR India
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Vedanta is currently trading at Rs. 339.50, up by 5.60 points or 1.68% from its previous closing of Rs. 333.90 on the BSE.
The scrip opened at Rs. 334.50 and has touched a high and low of Rs. 340.30 and Rs. 332.45 respectively. So far 407510 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385.75 on 19-Oct-2021 and a 52 week low of Rs. 160.20 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 357.70 and Rs. 330.10 respectively. The current market cap of the company is Rs. 125659.75 crore.
The promoters holding in the company stood at 65.18%, while Institutions and Non-Institutions held 20.62% and 9.88% respectively.
Vedanta’s aluminium business has entered into a pact with GEAR India to deploy one of the largest fleets of lithium-ion battery-powered electric forklifts in the country. The company will commission 23 such forklifts in a phased manner over the next few months at its aluminium smelter in Jharsuguda, Odisha, which is one of the world's largest single-location aluminium smelters.
Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.
