Vedanta acquires Goa-based nickel and cobalt manufacturer Nicomet

24 Dec 2021 CW Team

Vedanta Limited has acquired Goa’s nickel and cobalt manufacturing company Nicomet Industries Limited.

Vedanta has become the only producer of nickel in India after this acquisition.

The company said that it is a step towards India's goal of self-reliance in critical minerals. It is in line with the company's environmental, social and governance (ESG) mission towards carbon neutrality goals.

Nickel is used in manufacturing stainless steel and electric vehicle (EV) batteries. Likewise, Cobalt is used in lithium-ion batteries for EVs, energy storage systems and superalloy for steelmaking. These metals are expected to play a leading role in clean energy and renewable energy.

India's nickel and cobalt imports are increasing steadily. After the acquisition, India will be in a better position to manufacture EV batteries, equipment of EVs, steel production, and the building block for infrastructure growth.

Nicomet Industries Limited in Goa is a leading producer of high-quality battery-grade nickel sulphate crystals for making EV batteries. The company has a capacity of 7.5-kilotonnes per annum (ktpa).

The demand for nickel in India has pegged at 45 ktpa through imports. Vedanta expects to cater to 50% demand for nickel in India. It will also play a critical role in supporting the government's Aatmanirbhar Bharat.

Image Source

Building Material

09 Jan 2026

Sources Unlimited Introduces Vitamine Pendant Lamp by Melogranoblu

Sources Unlimited has launched the Vitamine Pendant Lamp by Melogranoblu in India, expanding its portfolio of curated international luxury lighting solutions. Designed and crafted in Italy, the Vitamine pendant reflects contemporary glass artistry, combining hand-blown craftsmanship with refined aesthetics and atmospheric illumination.The Vitamine Pendant Lamp is sculpted in hand-blown glass and is available in frosted, silver and black metallised finishes. Each finish offers a distinct visual identity while maintaining a cohesive and sophisticated design language. The lamp’s softly contoure..

World Cement Association Names Philippe Richart as CEO

The World Cement Association (WCA) has announced the appointment of Philippe Richart as its new Chief Executive Officer, marking a leadership transition at a time of significant change for the global cement industry. Richart succeeds Ian Riley, who joined the Association in 2019 and played a key role in strengthening WCA’s position as an independent and credible voice for cement producers worldwide.Richart brings more than 30 years of international leadership experience in the cement sector, with extensive exposure across Asia, Africa and Europe. He began his professional career as a constru..

TARIL Q3 FY26 Revenue Jumps 32% to Rs 7.36 Bn, Profits Surge

Transformers & Rectifiers (India) (TARIL) reported a robust financial performance for the third quarter ended December 31, 2025, posting strong growth across revenue and profitability metrics. The company, a leading manufacturer of power and specialty transformers, benefited from improved operating leverage, disciplined execution and ongoing process optimisation initiatives.During the quarter, TARIL recorded consolidated revenue from operations of Rs 7.36 billion, marking a year-on-year growth of 32 per cent. EBITDA stood at Rs 1.29 billion, up 38 per cent year-on-year, while profit after ..