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Vedanta to infuse Rs 6,611 cr on expansion of Balco’s smelter capacity

Tuesday, 27 Jul 2021
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Vedanta will invest Rs 6,611 crore over the next 18-24 months to expand Bharat Aluminium Company’s (Balco) smelter capacity.

Balco’s smelter capacity will increase by 414 kilo tpa, taking its total capacity close to one million tonne. With this fresh investment, the company’s value-added products portfolio will increase to 92 percent.

In addition, the carbon plant adequacy business at Jharsuguda, Odisha, will set up a new carbon facility at a cost of Rs 635 crore.

The company looks to ramp up smelter capacity at Balco over the next 18-24 months. Post this expansion, Vedanta’s aluminium capacity will increase to 2.8 million tonne.

Earlier in February 2021, Vedanta’s Board of Directors had approved the expansion of the Lanjigarh Alumina Refinery to five million tpa from the present level of two million tpa at a cost of Rs 3,780 crore.

On completion, the refinery will be one of the world’s largest single-location alumina refinery complexes.

 
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