New Delhi: Cairn Oil & Gas, part of Vedanta Ltd., notified gas and condensate discovery of Jaya in its onshore OALP block in the Bharuch district of Gujarat in August 2021. Through exploration and appraisal successes, Cairn has now submitted a Field Development Plan (FDP) to produce >2,000 boepd initially. This field has the potential to contribute to the company’s goal of doubling production capacities and driving energy aatmanirbharta for India. This will be the first FDP submitted in...Read More

Gandhinagar: Anil Agarwal, the chairman of Vedanta Group, revealed that the conglomerate is currently in discussions with three potential partners for its Dholera project. He mentioned that the company has recently put forth new proposals for establishing a semiconductor and display fab. Agarwal shared this information with media during the SemiconIndia 2023 inaugural ceremony. The initial phase of their semiconductor project will require a significant investment of $5 billion, and they aim t...Read More

Gandhinagar: In a statement released by Akarsh K Hebbar, Global Managing Director of Vedanta Semiconductors & Display, today stated that Vedanta remains fully committed to build India's first semiconductor and display fabs in Dholera in Gujarat. The statement reads: “Vedanta Group remains fully committed to building India’s first semiconductor and display fabs in Dholera Special Investment Region in Ahmedabad district, Gujarat. Substantial progress has happened to tie up technology and ...Read More

Gandhinagar: Taiwan's Foxconn announced on Monday that it is withdrawing from its joint venture with Vedanta Ltd, which aimed to manufacture semiconductors in India. The company released a statement confirming its withdrawal from the $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta. Last year, Foxconn and Vedanta entered into an agreement to establish semiconductor and display production facilities in Gujarat. However, today Foxconn decided to pull out from the proje...Read More

Dholera: The Vedanta Group is planning to start building its Rs 1.5 lakh crore semiconductor plant by the fourth quarter of this year, and the company expects to generate revenue through electronic chip production by 2027. According to the CEO of Vedanta-Foxconn Semiconductors Limited, David Reed, the group has already submitted all technology tie-ups to the government, and the banks have provided funding in the ratio of 70 to 30, after subsidies were applied. Reed added that the initial p...Read More

Mumbai: Vedanta Group announced that it has signed memoranda of understanding (MoU) with 20 Korean companies from the display glass industry for the development of an electronics manufacturing hub in India. Vedanta was invited to a roadshow at the recently-concluded Korea Biz-Trade Show 2023 event organized by KOTRA – the state-funded trade and investment promotion organization operated by the Government of South Korea – in collaboration with Korea’s Ministry of Trade, Industry and Energy....Read More

Mumbai: Vedanta today announced the appointment of David Reed as the Chief Executive Officer of its semiconductor business.  He will be responsible for setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit. A 35-year veteran in the semiconductor industry, David’s extensive international experience includes establishment of a complete semiconductor ecosystem with global execution of wafer fabrication, research and development, assembly and testin...Read More

અમદાવાદ:  વેદાંતા ગ્રુપના ચેરમેન અનિલ અગ્રવાલે ગુરુવારે અમદાવાદમાં, યંગ પ્રેસિડન્સ ઓર્ગેનાઈઝેશન (વાયપીઓ)ના એક કાર્યક્રમમાં ગુજરાતના યુવાનોને પ્રેરિત કરતાં કહ્યું કે ,સફળતાની ચાવી એ છે કે ...Read More

Ahmedabad:  Vedanta Group Chairman Anil Agarwal said that the key to success is to never stop trying, during an event at the Young Presidents' Organisation (YPO) in Ahmedabad on Thursday. He said that entrepreneurship is the way forward and called upon the youth to dream big and never give up. Addressing the Gujarat chapter of the Young Presidents’ Organization in Ahmedabad, Mr Agarwal said if the youth of the nation take risks and be courageous, they can be job creators and not job seeker...Read More

New Delhi: Vedanta Group has signed Memoranda of Understanding with 30 Japanese technology companies for the development of the Indian semiconductor and glass display manufacturing ecosystem. The signing was done at the Vedanta-Avanstrate Business Partners Summit 2022 held last week at Tokyo, Japan and was attended by more than 200 delegates from over 100 global companies. The summit witnessed active interests from a host of companies keen to be part of the ecosystem for India’s semiconductor...Read More