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Vedanta Group's Gen Z in JV with Australian firm to make mining products

Will set up a Rs 250 cr unit in Rajasthan's Bhilwara, production likely in December or January

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Agarwal claimed that Runaya will be the first company to manufacture these products for Indian miners, who are importing them so far. It's an example of Atmanirbhar Bharat,

T E Narasimhan Chennai

3 min read Last Updated : Jul 26 2020 | 10:10 PM IST

Runaya, a metals start-up founded by the sons of Vedanta Ltd Vice-chairman Navin Agarwal, has signed a joint venture (JV) pact with Minova, a wholly-owned division of Australia-based Orica, to manufacture niche products for the mining sector.

The start-up, founded by Naivedya Agarwal and Annanya Agarwal, and its Australian partner have floated a joint venture company Minova Runaya Pvt Ltd (MRPL), in which Runaya will hold 49 per cent stake. The JV partner Minova's parent Orica is the global leader in mining support systems and explosives with revenue of Australian $6 billion (Rs 32,000 crore).

Speaking to Business Standard, Naivedya

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