Vedanta’s arm Malco Energy sets up new unit in Saudi for copper business
Vedanta’s arm Malco Energy Ltd has set up a new unit in Saudi Arabia for copper business at an investment of 1,00,000 Saudi riyals (Rs 22.19 lakh).
“Malco Energy Ltd, a wholly-owned subsidiary of the Company, has incorporated a new wholly-owned Subsidiary in the name of ‘Vedanta Copper International VCI Company Limited,” metal and mining giant Vedanta said in a filing to BSE.
Vedanta Copper International VCI Company Limited has been incorporated to explore growth opportunities in new geographies, it said.
