Vedanta doubles South Africa zinc production capacity to 500,000 tonnes with $600 million investment
Vedanta set out an expansion.
· LiveMint Companies
Vedanta has doubled its annual zinc production capacity in South Africa to 500,000 tonnes after investing nearly $600 million in the Gamsberg mine expansion. The project supports its target of producing 3 million tonnes of zinc annually across India and South Africa.
The analysis
Against that, the stock is +0.1% on the day at ₹246.10, and has returned -4.6% over three months. It sits 69% below its 52-week high, which means a good deal of bad news was already in the price. The metals & mining sector has moved -3.9% over the same period, so Vedanta is running 0.7 points behind its peers.
For Vedanta, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Market context
- The company directly in focus is VEDL.
- Sector exposure: Metals & Mining.
- The immediate tone of coverage reads positive.
In this story
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