About Us

Mission

Nickel for nation-building, with sustainability at our core

Vision

To be the world's leading sustainable Nickel producer

empowering India's clean energy future and enriching the lives of our stakeholders.

World's Leading Sustainable Nickel Producer

Aligns with the ambition to be the largest and lowest-cost producer while emphasizing sustainable practices.

Empowering India's
Clean Energy Future

Reflects the commitment to supplying nickel for electric vehicles and renewable energy, supporting national goals.

Enriching the Lives of our
Stakeholders

Captures the focus on safe work practices, environmental preservation, good governance, employee well-being, and community development.

Operations

At Vedanta Nico, our operations are strategically anchored in our state-of-art plant in Cuncolim, Goa, with an installed capacity of 7 KTPA. In response to the surging demand Nickel driven by the burgeoning electric vehicle (EV) battery markets, we are committed to scaling up our production capabilities

To meet this demand, we have outlined a two-phase capacity enhancement plan:

Phase 1

We are currently engaged in debottlenecking our existing plant in Goa to elevate its capacity to 10 KTPA. This phase includes the implementation of advanced plant automation, modernization, and optimized asset utilization.

Phase 2

Our future expansion involves the establishment of a new, state-of-the-art Nickel plant, reinforcing our commitment to Atmanirbhar Bharat and contributing to the Make in India initiative. This expansion aligns with our Chairman Mr. Anil Agarwal's vision of addressing national needs and bolstering domestic supply.

Management Committee

Puneet Khurana

CEO (Copper & Nickel Business)

Anand Soni

CFO (Copper & Nickel Business)

Prashuk Jain

COO

Pradeep Bharati

SBU Director

Saket Jajodia

CHRO

Kamalpreet Singh

CMO

Ashish Kokabankar

CCO

Message from CEO

AtVedantaNico,ourmissionisclear:tobetheleadingforceinsustainableNickelproduction,fuelingIndia'sprogresstowardsacleanenergyfuture.OurcommitmentextendsbeyondjustmeetingthegrowingdemandforNickel.Weaimtosetnewstandardsinenvironmentalstewardshipandoperationalexcellence.Asweexpandourproductioncapacityandadvanceourtechnology,weremainsteadfastinourdedicationtoinnovation,quality,andsustainability.Together,wearebuildingabrighterfuture,drivenbyavisionofresilience,growth,andleadershipintheglobalmarket.

The Year in Brief

In FY 2023-24, Vedanta Nico achieved 50% of our installed production capacity, with total production and sales reaching close to 3 KTPA. With ongoing debottlenecking efforts, we are on track to reach a 10 KTPA production capacity within the next six months. We hold a 50% share of the domestic Nickel Sulphate market and are expanding our presence in the Indian EV manufacturing sector. Our commitment to growth is reinforced by a long-term contract for Nickel Sulphate supply with key international EV players.

The Nickel market in India is influenced by sectors such as stainless steel and electroplating, with Nickel also being a crucial component in electric vehicles. The domestic market for Nickel metal stands at 44 KTPA, with Nickel sulphate at 2 KTPA. We anticipate a market growth rate of 4.7% CAGR. Currently, our market share for Nickel metal is approximately 7.5%, while we have captured 35% of the total Nickel sulphate market. Our Nickel sulphate is also exported to prominent EV battery manufacturers in South Korea, Japan, and China, supported by a long-term export contract with a South Korean EV battery manufacturer.