Vedanta’s subsidiary company -- Bharat Aluminium Company (Balco) has received approval from board of directors for expansion of Rolled Product Capacity at Balco from existing 50 KTPA to 180 KTPA at a revised cost of Rs 595 crore. With the completion of this project, Balco will be placed in high premium product segment. The company has also received approval for expansion of Balco smelter capacity from existing capacity of 580 KTPA to 994 KTPA by way of expansion project of 414 KTPA Smelter with improved VAP portfolio, at a revised cost of around Rs 8,094 crore, subject to requisite Government approvals. The Board of Directors of the company at its meeting held on October 28, 2022 has 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.
