Vedanta now India’s lone nickel producer with Nicomet buy
Acquisition, says the firm, is in line with environmental, social and governance mission
Nicomet has a capacity to produce 7.5 KTPA nickel and cobalt. Vedanta is now poised to meet 50% of India’s nickel demand
Natural resources conglomerate Vedanta has acquired Nicomet, a leading nickel and cobalt producer in Goa, for an undisclosed amount.