Vedanta

David Reed will be responsible for setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit, the company said in a statement. Reed was formerly with NXP Semiconductors, where he was Executive Vice President and General Manager of global operations.

Many countries far-off have to pay a heavy price while some are able to deal in excesses of these chips, acting as middlemen in some cases. However, of late, a number of countries have been actively trying to lure companies into manufacturing the same on their soil to usher in a new era of electronics manufacturing and obtain seamless access to chips overall.

"We (Vedanta) stand testimony to what is possible if you Make in Odisha. It is amongst the most favourable investment destinations in India, ably led by the stable governance, leadership, and vision of Naveen Patnaik ji, which is reflected in the state's Ease of Doing Business rankings," he said in a statement.

The tuition centre will primarily cater to students preparing for IIT-JEE and NEET exams. "These hybrid centres are well equipped with hi-tech technology, the teaching model offers learning from the most inspiring master teachers across the country enabled by innovation to offer best-in-class live and interactive features in tier 3 and tier 4 cities," said Vamsi Krishna, CEO and Co-Founder, Vedantu.

The company along with Axis Capital has called for Expression of Interest (EoI) for its smelter complex (primary and secondary), sulphuric acid plant, copper refinery, continuous copper rod plant, phosphoric acid plant, effluent treatment plant, 160 MW captive power plant, reverse osmosis units, oxygen generation unit and residential complex with amenities.

On World Environment Day, Vedanta Aluminium committed to reduce GHG emissions intensity by 25 per cent by 2030, over FY21 baseline, as part of its climate action endeavours. Historically, Vedanta Aluminium has reduced its GHG emissions intensity by 21 per cent in the 2012-21 period, while almost tripling its production in the same period. Vedanta Aluminium has deployed a multi-pronged approach for combating climate change.

"Our climate action endeavours saw us reduce our GHG emissions intensity at our largest aluminium smelter by around 12 per cent in FY22 over the previous fiscal, while increasing our production volumes by 20 per cent," said Rahul Sharma, CEO of Vedanta Aluminium.

Done in partnership with Gemini Equipment and Rentals India, this feat sets the ball rolling on Vedanta Aluminium's plans to decarbonise its industrial vehicle fleet. These electric forklifts make use of the cutting-edge system to help ensure the highest levels of safety at site, besides using Internet of Things technology to integrate the data collected by intelligent terminals and provide feed on a real-time basis.

Multinational mining company Vedanta's Board on Wednesday approved the third interim dividend of Rs 13 per equity share for the financial year FY22.It would cost the company around Rs 4,832 crore, it said in a regulatory filing to the exchanges.Since the start of 2022, the shares rose around 10 per cent, exchange data showed.

The company has procured about 2 billion units of RE power in the year 2021 for consumption at its Aluminium Smelter in Jharsuguda, Odisha, thereby reducing GHG emissions intensity at the smelter by more than 1540 KtCO2e (kilo tonnes of CO2 equivalent) in the year. Vedanta Aluminium's Jharsuguda unit is India's largest renewable energy buyer on Green Term Ahead Market (G-TAM) platform at IEX.