Q. Which conglomerate became the only nickel-producer in the country after a recent acquisition?
Answer:
Vedanta Limited
Notes: Vedanta Limited has acquired Goa-based Nicomet, a leading nickel and cobalt producer. With this, Vedanta has become the only nickel-producer in the country.
Nickel is a key raw material used in the manufacturing of stainless steel and batteries for electric vehicles (EVs). Currently, India imports 100 percent of its nickel requirements.