Promoted by billionaire Anil Agarwal, the miner in November 2023 regained control of the copper mines and smelter, which the Zambian administration had seized in 2019, but needed to pay creditors of the mines to revive operations.
The conglomerate was locked in a legal battle over the ownership of the KCM mines prior to a the end of FY25.
September 2023 Zambia government decision to reinstate the group as owners of the mines. In July, Vedanta said it had made the due payments and regained ownership of these mines.
The KCM is helping the conglomerate to tap into India's growing copper demand.
Bu hikaye Business Standard dergisinin August 20, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 20, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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