1. Vedanta eyes 1.7 million tonne aluminium output this fiscal

Vedanta eyes 1.7 million tonne aluminium output this fiscal

Vedanta Limited is chalking out plans to produce 1.7 million tonne of aluminium this fiscal through a capacity ramp-up at Balco and Odisha's Jharsuguda plants.

By: | Panaji | Updated: June 30, 2016 11:11 AM
vedanta limited Vedanta Limited is chalking out plans to produce 1.7 million tonne of aluminium. (Reuters)

Vedanta Limited is chalking out plans to produce 1.7 million tonne of aluminium this fiscal through a capacity ramp-up at Balco and Odisha’s Jharsuguda plants.

“Ever since April 1 this year, we have been ramping up our aluminium lines at Balco and Odisha. We would expect that all the Balco lines would be raised this year,” Vedanta Limited Group CEO Tom Albanese told PTI.

The Anil Agarwal-led company is a major shareholder at Balco in Chhattisgarh and Jharsuguda plant in Odisha.

Also Read: Exploration at Chhattisgarh gold mine to start after rains: Vedanta

“In Odisha, we have four new pot lines that we would be ramping up,” he said.

“… That would get us to total annualised production capacity of about 1.6-1.7 million tonnes of aluminium per year and I would compare it with last year’s aluminium production level of about 900 thousand tonnes.”

The company is also looking to commission pot lines five and six at the Odisha facility.

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