Construction Industry News
Vedanta Aluminum Business, a division of Vedanta Limited, announced that it would focus on backward integration in the next fiscal year and that it would set up two mines in Odisha to supply the raw materials for its plant.
The company revealed that the Covid-19 pandemic had no serious impact on its aluminum business.
Rahul Sharma, CEO of Vedanta Aluminum, told the media that the company's focus would be on backward integration first and then on the raw materials.
The Jamkhani and Radhikapur coal mines are expected to complete the supply of raw materials for the factories.
He revealed that the expansion of the company's alumina refinery from its existing 2 million tons per year (mtpa) to 5 million tons per year is underway.
On the metal side, Balco, the company of Vedanta Group, would increase from 0.56 million tons (mt) to 1 million tons (mt).
The CEO said the company is developing its portfolio in terms of value-added products, such as billets and alloys, to serve sectors such as renewable energy, aerospace and electric mobility.
Currently, Vedanta Aluminum manufactures one of the largest grades of aluminum and its value-added product range.
The company is a leading exporter and manufacturer of aluminum billets.
In fiscal year (FY) 2021, it produced India's semi-aluminium at 1.97 million tons per year (mtpa).
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