Oil and gas and metals company Vedanta plans major expansion at Bharat Aluminium Company’s (Balco) smelter capacity which will involve an investment of Rs 6,611 crore over the next 18-24 months.
This would be first major investment after a long gap by Vendanta in the entity it acquired by purchasing majority government shareholding nearly two decades back.
As part of the expansion, Balco’s smelter capacity will increase by 414 KTPA, taking its total capacity to close to 1 million tonnes. With this fresh investment, Balco’s value-added products portfolio will increase to 92 per cent.
In addition, the carbon plant adequacy business at Jharsuguda (Odisha) …
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