Vedanta is planning to invest Rs 6,611 crore over the next two years to ramp up the smelter capacity of Bharat Aluminium Company (Balco). Balco is a Vedanta Group company. In addition, its carbon plant adequacy business at Jharsuguda, Odisha, will set up a new carbon facility at a cost of Rs 635 crore.
Balco's smelter capacity, as a result, will increase by 414 kilo-tonnes per annum (KTPA), taking its total capacity to close to one million tonne. With this fresh investment, Balco's value-added product portfolio will increase to 92 per cent.
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.
