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Vedanta to invest 200 billion rupees over three years to expand aluminium capacity

Reuters  |  BHUBANESWAR, India 

BHUBANESWAR, (Reuters) - Mining conglomerate plans to invest 150 to 200 billion rupees ($2.93 billion) over three years to expand its alumina and aluminium producing capacity, said Anil Agarwal, chairman of Resources

The company plans to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current 2 million tonnes and double the capacity of its Jharsuguda aluminium smelter to 2 million tonnes.

Both the plants are located in Odisha.

has been trying to expand the capacity of its refinery for almost 8 years now but a paucity of availability of bauxite, the raw material which is refined to make alumina, has proved a hurdle.

($1 = 68.3605 rupees)

(Reporting by Devidutta Tripathy)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Vedanta to invest 200 billion rupees over three years to expand aluminium capacity

BHUBANESWAR, India (Reuters) - Mining conglomerate Vedanta plans to invest 150 to 200 billion rupees ($2.93 billion) over three years to expand its alumina and aluminium producing capacity, said Anil Agarwal, chairman of Vedanta Resources Plc.

BHUBANESWAR, (Reuters) - Mining conglomerate plans to invest 150 to 200 billion rupees ($2.93 billion) over three years to expand its alumina and aluminium producing capacity, said Anil Agarwal, chairman of Resources

The company plans to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current 2 million tonnes and double the capacity of its Jharsuguda aluminium smelter to 2 million tonnes.

Both the plants are located in Odisha.

has been trying to expand the capacity of its refinery for almost 8 years now but a paucity of availability of bauxite, the raw material which is refined to make alumina, has proved a hurdle.

($1 = 68.3605 rupees)

(Reporting by Devidutta Tripathy)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Vedanta to invest 200 billion rupees over three years to expand aluminium capacity

BHUBANESWAR, (Reuters) - Mining conglomerate plans to invest 150 to 200 billion rupees ($2.93 billion) over three years to expand its alumina and aluminium producing capacity, said Anil Agarwal, chairman of Resources

The company plans to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current 2 million tonnes and double the capacity of its Jharsuguda aluminium smelter to 2 million tonnes.

Both the plants are located in Odisha.

has been trying to expand the capacity of its refinery for almost 8 years now but a paucity of availability of bauxite, the raw material which is refined to make alumina, has proved a hurdle.

($1 = 68.3605 rupees)

(Reporting by Devidutta Tripathy)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22