Vedanta Ltd Acquires Kalinga Lancers to Boost Indian Hockey

Vedanta Ltd has acquired Bhubaneswar-based hockey team Kalinga Lancers, marking its commitment to promoting sports in Odisha. This acquisition strengthens Vedanta's influence in the region. The company aims to enhance the team's competitiveness for the upcoming Hockey India League by improving infrastructure and securing sponsorships.

In a significant development for Indian sports, Vedanta Ltd announced its acquisition of the Kalinga Lancers, a prominent Bhubaneswar-based hockey team, just ahead of the Hockey India League (HIL).

This strategic move underscores Vedanta's ongoing dedication to fostering sports in Odisha, a region benefiting from the company's socio-economic contributions for over two decades. Previously co-owned by Odisha Industrial Infrastructure Development Corporation (IDCO) and Mahanadi Coalfields Limited (MCL), the Kalinga Lancers will now be fully owned by Vedanta Aluminium.

Non-Executive Director Priya Agarwal Hebbar reaffirmed Vedanta's commitment, emphasizing their investment in the Kalinga Lancers and the future of Indian hockey. The acquisition plan includes assembling a formidable team for the upcoming HIL season, while also improving infrastructure, securing sponsorships, and exploring strategic partnerships.

(With inputs from agencies.)