Vedanta, ABB India, CG Power, Kaynes Tech and BEL trade mixed as PM inaugrates SEMICON India 2024

Stocks from the semiconductor space including Vedanta, Tata Elxsi, ABB India, CG Power and Industrial Solutions, Kaynes Technologies as well as Bharat Electronics traded mixed in Wednesday's session (September 11) as Prime Minister Narendra Modi unveiled the SEMICON India 2024 today at the India Expo Mart. 

In a conference spanning 3 days, the country's semiconductor strategy as well as policy will be discussed. India envisages a Rs 76,000 crore India Semiconductor Mission. As per reports, until mid-2025, the country may see its first indigenous chip.

Vedanta closed with a cut of over 3 per cent at Rs 425.9 even as the company plans to make a staggering investment worth $20 billion in the technology, electronics and semiconductors.

Kaynes Technologiy stock ended higher by over 0.5 per cent as the Cabinet approved setting up semiconductor unit on 46 acres in Sanand, Gujaratassembly, testing, marking, and packaging (ATMP) at a cost of Rs 3,307 crore.