Vedanta to invest $5 bn in fab project
Hindustan Times|July 29, 2023
Billionaire Anil Agarwal said his Vedanta group will invest $5 billion in the first phase of setting up a semiconductor fab, a packaging and testing unit, and a display unit.
Gulveen Aulakh
Vedanta to invest $5 bn in fab project

The capital allocation for the project will involve a combination of debt and equity, Agarwal said in an interview. "We will be structuring it, because it will now be with the main company Vedanta Ltd, and Vedanta has a good cash flow. We will make a capital allocation in Vedanta. There is a queue of people to give us equity and debt," Agarwal said. The chairman of the mining conglomerate said his group was in discussions with three separate technology providers for each manufacturing unit, and he expects the first chip from the fabrication unit to be produced in 2.5 years.

Denne historien er fra July 29, 2023-utgaven av Hindustan Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra July 29, 2023-utgaven av Hindustan Times.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA HINDUSTAN TIMESSe alt
INDIA TO PROBE OLA ELECTRIC OVER SERVICE STANDARDS
Hindustan Times

INDIA TO PROBE OLA ELECTRIC OVER SERVICE STANDARDS

India's top product certification agency will investigate e-scooter maker Ola Electric's deficiency in service standards and product issues, India's consumer affairs secretary told Reuters on Thursday.

time-read
1 min  |
November 15, 2024
Plan for cities for 100 years, says DLF's KP Singh
Hindustan Times

Plan for cities for 100 years, says DLF's KP Singh

India's urban spaces are a mess, and they get worse during extreme weather events such as heavy rains that flood the streets, causing traffic snarls and other civic woes.

time-read
2 mins  |
November 15, 2024
Urban consumption revival to take six months, says Marico
Hindustan Times

Urban consumption revival to take six months, says Marico

Indian consumer goods maker Marico expects urban consumption will take at least six months to revive, its managing director told Reuters, signaling more pain for the sector from food inflation which has hit a 15-month high.

time-read
1 min  |
November 15, 2024
S&P projects 6.5-7% annual growth for economy till 2027
Hindustan Times

S&P projects 6.5-7% annual growth for economy till 2027

S&P Global Ratings on Thursday projected the Indian economy to grow between 6.5-7% annually in the three fiscal years till March 2027 as infrastructure spending and private consumption drive growth momentum.

time-read
1 min  |
November 15, 2024
Oct merchandise trade deficit widens to $27 bn
Hindustan Times

Oct merchandise trade deficit widens to $27 bn

India's merchandise trade deficit widened to a two-month high in October, driven by a rise in imports, data released by the commerce ministry on Thursday showed.

time-read
2 mins  |
November 15, 2024
WPI inflation hits 4-month high of 2.4% in October
Hindustan Times

WPI inflation hits 4-month high of 2.4% in October

Prices of food items, especially vegetables, and manufactured goods led the rise

time-read
2 mins  |
November 15, 2024
This is India's time in the chess world
Hindustan Times

This is India's time in the chess world

Two key players who made history at the chess Olympiad, Vidit and Harika, encapsulate the rise of Indian chess and discuss what makes them and their compatriots dominate

time-read
3 mins  |
November 15, 2024
BAI hopes to cut down on personal coaching culture
Hindustan Times

BAI hopes to cut down on personal coaching culture

BAI APPROACHED INDONESIA'S IRWANSYAH ADI PRATAMA AND MALAYSIAN TAN KIM HER TO COACH INDIA'S TOP SINGLES AND DOUBLES PLAYERS RESPECTIVELY

time-read
3 mins  |
November 15, 2024
Confident Varma asks for a promotion, delivers in style
Hindustan Times

Confident Varma asks for a promotion, delivers in style

A classic IPL find, the batter was tracked down by MI scouts, nurtured and now looks the part in T20Is

time-read
3 mins  |
November 15, 2024
Hindustan Times

Shami finds his rhythm, bags four-for on Ranji comeback

Mohammed Shami marked his long-awaited return to competitive cricket with a four-wicket haul as Bengal bowled out Madhya Pradesh for 167 on Day 2 of their Group C Ranji Trophy clash at Holkar Stadium here on Thursday.

time-read
1 min  |
November 15, 2024