11 SEPTEMBER 2015www.timesofindia.indiatimes.com
Vedanta to invest INR 6,000cr, restart Mettur aluminium plant
Edited by : AL CIRCLE
1 min read
Vedanta Group is getting aggressive with capacity expansion in Tamil Nadu. The company, which has its copper smelter in Tuticorin and an aluminium factory in Mettur, has drawn up a INR 6,000-crore investment programme to be spent over the next 12 to 24 months. It is also planning a foray into solar in the state.
P Ramnath, CEO of Sesa Sterlite said, the group was planning to restart Malco, the aluminum plant in Mettur, by bringing in aluminium ingots, and make wires and end products. "Basically, we want to restart the plant for downstream products in the short term and see how we can make the entire plant work in the long term," he said.
On plans to set up 50MW solar power plants near Mettur, he said, "We have lands for solar project. To begin with we will have 5MW plant and feasibility study for the project is underway ."
The cumulative investments for all the three could be in the range of INR 6,000 crore, he said.
P Ramnath, CEO of Sesa Sterlite said, the group was planning to restart Malco, the aluminum plant in Mettur, by bringing in aluminium ingots, and make wires and end products. "Basically, we want to restart the plant for downstream products in the short term and see how we can make the entire plant work in the long term," he said.
On plans to set up 50MW solar power plants near Mettur, he said, "We have lands for solar project. To begin with we will have 5MW plant and feasibility study for the project is underway ."
The cumulative investments for all the three could be in the range of INR 6,000 crore, he said.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Alstom to supply key equipment to DUBAL’s aluminium smelter
Next articleAlCircle stands out with its unique range of exhibits at Aluminium India 2015
Grow with
AL Circle
