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Vedanta looks to raise captive power generation capacity by 1,200 MW: Report

22 Nov 2016 Evaluate

Vedanta, a metals and mining conglomerate, is reportedly looking at increasing its captive power generation capacity by 1,200 megawatt (MW) amid rising production. The company is considering setting up 350-MW super-critical units in joint ventures at its different production bases in the country.

The company has an electricity generation capacity of nearly 9,000 MW of which 200 MW comes from wind and the rest from thermal. Nearly 60% of the 9,000 MW is for captive use, the remaining is sold in the market.

Vedanta is an India-based global diversified natural resources company with operations across zinc, lead, silver, oil and gas, iron ore, copper, aluminum and commercial power. The company operates through segments, including Copper, Aluminium, Iron Ore, Power and Others.


Peers
Company Name CMP
Hindalco Industries 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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