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Vedanta announces creation of Rs 200 crore fund for R&D

Vedanta Ltd has announced that it is creating a Rs 200 crore fund, Eureka, to fund in-house opportunities for research and development (R&D).

It has said in a statement that the firm has announced the creation of Eureka on National Technology Day 2016.

The firm has said that “The platform is a part of Vedanta’s Innovation and Technology programme, which has been created with a corpus of Rs 200 crore to fund in-house opportunities for R&D.”

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