The fund will be made up of its own resources and outside investment, Agarwal said, adding that it may also finance the BPCL acquisition through debt
Vedanta chairman Anil Agarwal expects India to open the bids for BPCL in March
Its sale has been delayed by two years. But the longer the wait, the lower its chances of getting a good valuation
The process refineries use to make hydrogen causes high CO2 emission. So refiners are setting up large electrolysers to produce green hydrogen from water and thereby decarbonise hydrogen production
Further consolidation seems likely, while telecom stocks may be in focus owing to the new DoT order on limiting SIMs per user
They have been inducted on to the company's board effective November 12, will hold office for three years