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Vedanta Aluminium launches primary foundry alloy for automotive industry

16 Sep 2019 Evaluate

Vedanta Aluminium, a part of Vedanta, has launched primary foundry alloy (PFA) for the automotive industry to help reduce the country's import bill. The company has become the first primary aluminium producer to supply the raw material for alloy wheels in the country with the unveiling of the product.

The company’s investments in creating a PFA capacity of 240,000 tonnes is in align with the government's 'Make in India' initiative to cater to the domestic requirement of automotive companies and original equipment manufacturers.

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.

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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