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Vedanta gets nod for capacity expansion at Odisha

29 Jan 2022 Evaluate

Vedanta has received approval from its board of directors for 430 KTPA (250 Billet and 180 PFA) capacity expansion at cost of Rs 750 crore which will improve Jharsuguda, Odisha location VAP capacity to 87%. This project will also help cater the increased demand in the product and will improve the overall premium. The Board of Directors of the Company at its meeting held on January 28, 2022 have approved the same.

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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