Mumbai: Vedanta, a leading mining company, has announced its decision to invest nearly $500 million (around 4,300 crores) in AvanStrate Inc (ASI), its display glass subsidiary.
Through this investment, Vedanta aims to strengthen ASI’s capabilities in research and development, and product offerings catering to growing global demands for advanced display glass solutions. ASI will work on creating next-generation glass products for advanced packaging and potential applications in the semiconductor, biotechnology, automotive displays, and other high-growth sectors.
AvanStrate manufactures glass substrates for thin-film-transistor liquid-crystal display panels, mainly used in electronic devices such as televisions, laptops, smartphones, tablets, wearables, and other display equipment.
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