Business Economy


Vedanta doubles Zinc production capacity in South Africa with $600 million investment

New Delhi, Oct 18 (UNI) Vedanta Ltd has doubled its annual zinc production capacity in South Africa to 500,000 tonnes following an investment of nearly $600 million in the second phase of its Gamsberg project, the company said on Sunday.
South African President Cyril Ramaphosa and Vedanta Ltd Director Priya Agarwal-Hebbar inaugurated the expanded capacity at Gamsberg in the Northern Cape province, home to one of the world's significant zinc deposits.
The expansion is part of Vedanta's broader ambition to achieve annual zinc production of three million tonnes across India and South Africa. Of this, its subsidiary Hindustan Zinc Ltd aims to contribute two million tonnes, while Vedanta Zinc International plans to produce one million tonnes annually.
The company said the expansion would strengthen its ability to meet growing global demand for zinc, which is widely used to protect steel from corrosion and is essential to construction, automotive, manufacturing and infrastructure development.
The investment is also part of Vedanta's commitment to invest 21 billion rand (nearly $1.5 billion) in South Africa, announced at the 2018 South Africa Investment Conference.
Welcoming the expansion, Ramaphosa said the investment had progressed from commitment to construction and production. He also expressed support for Vedanta's ambition to establish zinc smelting capacity in the Northern Cape, calling for cooperation between the government and the company to address its requirements.
Priya Agarwal-Hebbar said the Gamsberg Phase II expansion reflected Vedanta's long-term commitment to South Africa's industrial growth and economic development.
"Our ambition is to build a globally significant zinc and industrial hub in the region, creating lasting value for the country and its people," she said, adding that the success of the project should be measured not only by production but also by the prosperity it generates for future generations.
Vedanta said it had invested nearly $20 million in community initiatives in South Africa since acquiring Vedanta Zinc International in 2011. The programmes cover healthcare, education, sports, livelihoods, infrastructure and social welfare, benefiting more than 32,000 people annually.
The company also said Vedanta Zinc International had opened an oncology centre in Namakwa earlier this year as part of its community development initiatives.UNI AAB
More News

Dr Reddy’s Q2FY27 consolidated net profit falls 36 pc to Rs 925-Cr

23 Oct 2026 | 8:38 PM

Hyderabad, Oct 23 (UNI) Dr Reddy’s Laboratories Ltd on Friday reported a 36 per cent year-on-year decline in profit attributable to equity holders at Rs 925 crore for the second quarter ended September 30, 2026, against Rs 1,437.2 crore in the corresponding period last year, mainly due to lower sales of lenalidomide in North America.

see more..

Crazy Cock Indian Single Malt enters Bengaluru Duty Free

23 Oct 2026 | 8:21 PM

Bengaluru, Oct 23 (UNI) Crazy Cock Indian Single Malt Whisky has entered Bengaluru Duty Free with its Madhuca I expression, showcasing the indigenous mahua heritage through contemporary whisky-making alongside Six Brothers Mahura, a spirit made from mahua flowers.

see more..

Figaro expands multipurpose olive oil range with new pack sizes

23 Oct 2026 | 8:06 PM

Mumbai, Oct 23 (UNI) Figaro Multipurpose Olive Oil, part of Deoleo, the world’s leading olive oil company, has expanded its product range with new packaging formats aimed at offering consumers greater choice and convenience.

see more..

Tata Sons governance row: Six Parsi groups write to PM Modi in support of Tata Trusts

23 Oct 2026 | 7:40 PM

New Delhi, Oct 23 (UNI) Six Parsi and Zoroastrian community organisations have approached Prime Minister Narendra Modi, expressing support for Tata Trusts and the Tata family amid the ongoing dispute over the governance of Tata Sons.

see more..

Jio Platforms IPO receives over one crore applications, sets global record

23 Oct 2026 | 7:38 PM

New Delhi, Oct 23 (UNI) Jio Platforms Ltd’s initial public offering (IPO) has received more than one crore applications, setting a new global record for an IPO, according to exchange data on Friday.

see more..