Vedanta has planned to expand Bharat Aluminium Company’s smelter capacity by 414 kilo-tonnes per annum (KTPA). The expansion involves an investment of INR 6,611 crore over the next two years.
''Vedanta...has announced a major expansion at Bharat Aluminium Company's (Balco) smelter capacity, which will involve an investment of Rs 6,611 crore over the next 18-24 months,'' the company said in a statement.
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Bharat Aluminium Company (Balco) is a part of Vedanta Group company. Balco will now have total capacity to close to one million tonne.
With this investment, the company’s value-added product portfolio will increase to 92 per cent.
"Balco''s expansion is a important project for us. We hope to ramp up the smelter capacity over the next 18-24 months. After this expansion, Vedanta''s aluminium capacity will increase to 2.8 million tonnes," said Vedanta Group CEO Sunil Duggal said.
In addition, the company’s carbon plant adequacy business at Jharsuguda will establsih a new carbon facility at a cost of INR 635 crore.
Vedanta''s board of directors in February approved the expansion of Lanjigarh Alumina Refinery to five million tonnes per annum (MTPA) from the current two MTPA with an investment of INR 3,780 crore.
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