Volcan Investments, not Vedanta, to invest in semi-conductor plant

19 Sep 2022 CW Team

Vedanta clarified that the proposed business of manufacturing semiconductors is not under the listed entity Vedanta (listed entity) but will be undertaken by the holding company of Vedanta, Volcan Investments.

After signing an agreement with the Gujarat government for investing ₹1.54 lakh crore in a semi-conductor plant, the Anil Agarwal-led company in a statement had said Vedanta will hold 60 per cent stake in the joint venture company while Foxconn will own 40 per cent.

Following this, Vedanta shares listed on the stock exchange rallied from ₹277 to ₹305. Analysts had raised questions about debt-laden Vedanta’s ability to raise such a huge amounts for investment in semi-conductor plants.

Vedanta clarified after market hours that the proposed business of manufacturing semiconductors will be under Volcan Investments.

Also Read
Supply chain firm Radar Ventures commits Rs 3 bn for.
45 data centres totalling 13 million sq ft to be bui.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..