Vedanta to invest Rs 6,611 crore over next two years to ramp up smelter capacity of Balco
28th Jul 2021

Vedanta is planning to invest Rs 6,611 crore over the next two years to ramp up the smelter capacity of Bharat Aluminium Company (Balco). Balco is a Vedanta Group company. In addition, its carbon plant adequacy business at Jharsuguda, Odisha, will set up a new carbon facility at a cost of Rs 635 crore.

Balco's smelter capacity, as a result, will increase by 414 kilo-tonnes per annum (KTPA), taking its total capacity to close to one million tonne. With this fresh investment, Balco's value-added product portfolio will increase to 92 per cent.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.