Vedanta had initiated these arbitration proceedings after the government had sought additional share of profit from the company, while renewing its licence for the oil block in Rajasthan s Barmer.
In a video message to shareholders, Agarwal said the company has a diversified presence in oil and gas, metals and mining, and a separate listing of different businesses will help them grow many folds.
Semiconductor manufacturing is expensive and requires formidable technological expertise. After Foxconn and Vedanta split, both are looking for new partners.
Foxconn Exits Vedanta s $19 5 Billion Semiconductor Joint Venture: Report outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.