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Saturday, 18 February 2017

Vedanta Resources will soon make ductile-iron pipes. The company has pledged about $400 million as a start-up investment. Vedanta Resources, a London-listed company is India’s biggest base-metals conglomerate. Vedanta Group will be investing in a mining-cum-iron project, worth Rs 2500crore in Jharkhand.

A pig iron and ductile pipe plant producing 1 million tonne per annum will be set up, which will be worth around Rs 2000 crore from the total investment. While the remaining Rs 500 crore will be used for the development of iron ore mines at Dhobil, Jharkhand.

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