Vedanta plans to build an aluminium flat rolled products plant with capex of INR 2,500 crore
According to a recent report, Vedanta is considering to set up an aluminium flat rolled products plant with an estimated capital expenditure of INR 2,500 crore. This is part of a plan to expand its portfolio of value-added products, said a senior official.
The capex will be part of Vedanta’s INR 15,000 crore investment plans to take the aluminium capacity from the current 2 million tonnes to 3 million tonnes in the next 3-4 years.
CEO at Vedanta Aluminium and Power Ajay Kapur said, "We are looking at producing rolled products and entering the sheets market. For this, we are currently talking to Chinese players to see if we can bring a plant here."
As per the report, the plant will be set up at Vedanta’s either of the two aluminium facilities in Chhattisgarh or Odisha.
Kapur said Vedanta is also planning to set up an aluminium park spread over 250 acres (approx.) for housing micro, small and medium enterprises. They will convert the metal into downstream products and dispatch them straight to the market.
The estimated investment for this project is between INR 300 crore and INR 1,000 crore. Vedanta believes this will reduce the logistic cost that is spent on transporting the metal to user industries.
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