Vedanta's aluminium business, which has not been impacted majorly by COVID-19, is planning to focus on backward integration in the next fiscal (FY23) and would bring into production two of its mines in Odisha to provide raw material security for its plants.
The expansion of the company's alumina refinery from the current 2 million tonnes per annum (MTPA) to 5 MTPA is going as per the schedule. To cater to sunrise sectors like electric mobility, renewable energy and aerospace, the company is expanding its portfolio in terms of value-added products like billets and alloys.
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.
