Amber Group Partners Oppo India for Phone Manufacturing; Elpro Buys More Vedanta Aluminium
By Sivam
Amber Group strikes a manufacturing deal with Oppo Mobiles India for OPPO, OnePlus, and Realme phones. Separately, Elpro International ups its stake in Vedanta Aluminium Metal.
Amber Group has announced a manufacturing tie-up with Oppo Mobiles India, while Elpro International has increased its stake in Vedanta Aluminium Metal. These moves highlight significant corporate activity in India’s manufacturing and investment sectors.
Amber Group’s Manufacturing Expansion
The collaboration will see Amber Group manufacturing mobile phones for major brands in India.
- Amber Group will produce phones for OPPO, OnePlus, and Realme.
- The partnership aims to leverage Amber Group’s manufacturing scale and supply chain strengths.
- This reflects Oppo India’s recognition of Amber Group’s capabilities in quality and consistency.
Elpro International Boosts Vedanta Stake
Elpro International has made a strategic investment in the aluminium sector.
- Elpro acquired an additional 100,000 equity shares in Vedanta Aluminium Metal.
- The acquisition cost Rs 4.62 crore.
- This increases Elpro International’s total holding to 220,000 equity shares.
- The acquisition was for investment purposes.
- Vedanta Aluminium Metal is a top global aluminium producer.