Vedanta seeks $1 billion in upsized share placement
Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country.
Mitsui Mining and Smelting Co Ltd , Japan’s biggest zinc smelter, plans to produce 109,100 tonnes of refined zinc in the first half of the 2021/22 financial year that started this month, up 9.5% from a year earlier, it said on Thursday.
The country’s first-half runs from April to September.
Zinc is used mainly as an anti-corrosive coating while making galvanized steel.
(By Yuka Obayashi; Editing by David Goodman)
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