Vedanta to invest Rs 12.4 bn on Jharsuguda unit to raise aluminium capacity

Vedanta Ltd has proposed to ramp up capacity of its aluminium smelter unit at Jharsuguda (Odisha) from 1.6 million tonne per annum (mtpa) to 1.8 mtpa at a cost of Rs 12.4 billion. The company’s proposal came up for scrutiny of the State Level Single Window Clearance Authority (SLSWCA) on Thursday.

The SLSWCA referred Vedanta’s expansion case to the High Level Clearance Authority (HLCA), the highest body to approve investments in the state. The SLSWCA is empowered to clear investment proposals of up to Rs 10 billion.

Diversified conglomerate ITC Ltd got approval to expand product line at its existing unit at