Late last month, the board of Hindustan Zinc instructed the corporation to investigate a corporate restructure that would separate the lead and zinc, silver, and recycling businesses into three distinct organizations.
The company's allocation of debt among these new entities will be scrutinized in particular.
The stated aim is to unlock value vs the existing consolidated entity as it aligns management, strategies and capital structure to meet the specific needs of each business.
Vedanta's bid to acquire Meenakshi Energy was for Rs 1,440 crore
The company targets the acquisition of lithium, cobalt, and nickel assets abroad.
The company said that this is part of its strategy for expansion and diversification of business.
Vedanta stated that it will continue to widen its semiconductor team.
Vedanta will be the first company in India to be engaged in the Integrated semiconductor and Display Fab business.
Mined metal production was down 15% quarter-on-quarter.
The average gross operated production of oil and gas for the company was 134,867 boepd.
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