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Vedanta gains on partnering with Volvo CE to deploy off-road e-machines at Karnataka mines
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Vedanta is currently trading at Rs. 278.30, up by 0.95 points or 0.34% from its previous closing of Rs. 277.35 on the BSE.
The scrip opened at Rs. 277.45 and has touched a high and low of Rs. 279.00 and Rs. 276.70 respectively. So far 201417 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.75 on 20-Jan-2023 and a 52 week low of Rs. 206.10 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 281.20 and Rs. 276.35 respectively. The current market cap of the company is Rs. 103542.58 crore.
The promoters holding in the company stood at 68.11%, while Institutions and Non-Institutions held 18.16% and 13.73% respectively.
Vedanta’s Iron Ore Karnataka has partnered with Volvo CE to deploy zero-emission electric off-road machines at its mines in Chitradurga in Karnataka. Partnering with Volvo will help the company accelerate its journey towards achieving carbon neutrality.
As part of the partnership, Vedanta Iron Ore Karnataka (IOK) has deployed Volvo's EC55 all-electric excavator and its subsidiary SDLG's L956H electric wheel loader for its iron ore mining operations in the state on a trial basis.
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.
