Vedanta Acquires Incab Industries for ₹545 Crore, Eyes Downstream Expansion in Copper & Aluminum

Vedanta Limited has received the green light from the National Company Law Tribunal (NCLT) Kolkata to acquire Incab Industries Limited under the Insolvency and Bankruptcy Code (IBC). The approval, dated December 3, 2025, allows Vedanta to take full control of Incab for an upfront cash payment of ₹545 crore. This strategic move expands Vedanta’s footprint into power cables and industrial wires manufacturing, leveraging synergies with its core copper and aluminum operations. Incab, currently non-operational, will be revived with fresh capex and working capital infusions.

Acquisition Details: Vertical Integration Boost

Incab Industries, admitted into insolvency in August 2019, specializes in power cables and industrial wires using copper and aluminum as key raw materials. Key highlights from the disclosure:

• Scope: 100% acquisition of paid-up capital and management control.
• Facilities: Head office in Kolkata; manufacturing plants in Jamshedpur (lease extension pending) and Pune (300 km from Vedanta’s Silvassa copper unit).
• Capacities:
  • Power Cables: 6,000 KM
  • Rubber & Plastics: 274 Million core km
  • Fibre Optic Cables: 500 MCM
  • Winding Wires: 8,150 MT
  • Rod Mill Copper: 12,000 TPA
  • Aluminum Rods: 3,960 TPA
  • Wire Mill: 5,580 TPA
• Timeline: Completion within 90 days of approval.
• Rationale: Enhances downstream synergies, supports growth in infrastructure and transmission sectors.
• No Related Party: Not a related party transaction; funded from internal accruals.

This acquisition aligns with Vedanta’s expansion strategy in high-value downstream products.