Vedanta Aluminium on April 3 successfully commissioned a 1.5 million tonnes per annum (mtpa) facility at its alumina refinery in Lanjigarh, Odisha. This additional capacity, which is part of an existing 3 mtpa plant, will take expand the firm’s capacity to 3.5 mtpa, the company said in an exchange filing.
The expansion is a significant step in the firm’s efforts to be among the top three producers of the world, it said.
Overall, the new addition will take the nameplate capacity at the Lanjigarh refinery from an existing 2 mtpa to 5 mtpa.
John Slaven, CEO, Vedanta Aluminium, said, "We are delighted to commission the expanded capacity which strengthens our raw material security and reduces costs for our Jharsuguda and BALCO aluminium smelters. It is a significant step towards 100% vertical integration and strongly positions us for sustainable growth within the global aluminium market."
Vedanta Aluminium is a subsidiary of Vedanta Limited and is India’s largest producer of aluminium, producing over half of India’s aluminium in FY24, the firm said.
Vedanta Ltd, which is led by Anil Agarwal, posted a decline of 18.3 percent in net profit at Rs 2,013 crore in the third quarter FY24 against Rs 2,481 crore in the year-ago period. The revenue grew 4 percent to Rs 34,968 crore during the quarter.
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