Vedanta, led by Anil Agarwal, will invest Rs 13,226 crore to expand its aluminium production capacity from 2.4 million tonne per annum (MTPA) to 3.1 MTPA by FY28, making aluminium the core of its growth strategy.

The investment supports growing demand in sectors like electric mobility, renewable energy, infrastructure, and aerospace. The company expects to reach 2.75 MTPA capacity by FY26 and 3.1 MTPA by FY28. Its subsidiary BALCO is also set to join the one-million-tonne club. 

The natural resources conglomerate, which holds over 50 percent of India’s aluminium market, has reduced production costs by nearly 24 percent (about USD 641 per tonne) over 11 quarters through backward integration, including expansion of the Lanjigarh refinery and captive coal mining. With fully integrated operations, Vedanta’s aluminium business boasts cost resilience and stability.