Vedanta Ltd Acquires Incab Industries Limited for INR 545 Crores, Expanding into Downstream Copper and Aluminum Industry

Vedanta Ltd has received approval from the National Company Law Tribunal Kolkata for the acquisition of Incab Industries Limited under the Corporate Insolvency Resolution Process. The acquisition, which involves a payment of INR 545 Crores, will allow Vedanta to expand into the downstream copper and aluminum industry. Incab is engaged in the manufacturing of power cables and industrial wires, with production units in Jamshedpur and Pune. The acquisition is expected to bring vertical and downstream synergies for Vedanta and support the group's growth in downstream Copper and Aluminum and expansion in infrastructure and transmission.