Vedanta outbids Adani to win JAL with Rs 17,000 crore bid
Vedanta secures Rs 17,000 crore bid for Jaiprakash Associates after winning challenge process against Adani Group. The company's strong assets and support from NARCL helped it emerge as the winner, adding a new business vertical to its portfolio. This marks a rare instance of a mining company successfully acquiring a debt-laden company.