Vedanta plans to invest $500 mn in display glass maker AvanStrate Inc

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Vedanta plans to invest $500 mn in display glass maker AvanStrate Inc - Business Standard

Quick Summary:

"Vedanta Limited is planning to invest close to USD 500 million (about Rs 4,300 crore) in its group company, AvanStrate Inc.(ASI), a leading global display glass manufacturer that is now fully managed by Vedanta Limited," it said in a statement.

The company plans to make this strategic investment to drive innovation and expansion within ASI, strengthening its focus on research and development, as well as manufacturing capabilities and product offerings to cater to the growing global demand for advanced display glass solutions, the statement said.

Metals and mining giant Vedanta Ltd is planning to invest close to USD 500 million in its display glass unit AvanStrate Inc, the company said on Monday.