According to the report, Vedanta Resources Limited (Vedanta), Indian primary aluminum producer, planned to build a new flat rolled plant as well as to expand its value-added products.
Vedanta was a global diversified metals and mining industry with headquarter located in London, also was the biggest mining and non-ferrous metals company in India.
The value of the new project was estimated about Rs 2,500 crore and was part of Vedanta’s Rs 15,000 crore investment plan.
It was expected to set up in either of its Chhattisgarh or Odisha facilities. Flat rolled products would be used in the aerospace, automobile, consumer durables sectors.
During the next 3 to 4 years, Vedanta’s aluminum capacity would grow to about 3 million tons from current 2 million tons.
India's Vedanta to invest Rs 2,500 crore to build new flat rolled products plant
25 Sep 2019 16:01 reported by Sammi Lin
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