Vedanta unveils 9.8 billion dollar expansion plan, mostly in IndiaSeptember 10th, 2008 - 7:23 pm ICT by ANI
London, Sept 10 (ANI): Vedanta Resources plans to spend 9.8 billion dollars in the near future to achieve its goal of becoming the worlds leading aluminium producer.
According to the Londoan-based Financial Times, the biggest element in the expansion project is a 1.25m tone a year capacity smelter to be built at on a brownfield site at Jharsuguda in Orissa, the state where most of Indias bauxite and coal reserves are located.
That plant will cost 5.65 billion dollars.
A new 325,000 ton capacity smelter at Korba in Chattisgarh will cost two billion dollars. Both projects will be phased over four years. Output will be begin in 2010 and 2011.
Each will be supplied by new build power plants.
On Tuesday, it said refinery debottle necking and new capacity to be built over the next three years at Lanjigarh would cost 2.15 billion dollars.
The plans, which have been announced three months after Vedanta said it intended to invest 20 billion dollars in India between now and 2012. (ANI)
- Vedanta Aluminium to raise capacity to 2.5 million tonnes - Dec 06, 2011
- Vedanta against bauxite export - Sep 03, 2012
- Vedanta hopes to get bauxite for Orissa plant soon - Jan 22, 2010
- Villagers seek allocation of bauxite for Vedanta plant - Aug 29, 2012
- Vedanta plans to shut down Odisha refinery from December - Sep 06, 2012
- Villagers stage demonstration seeking bauxite for Vedanta plant - Sep 11, 2012
- Vedanta refinery cuts output on bauxite shortage - Aug 25, 2012
- Orissa seeking legal opinion on Vedanta project - Oct 28, 2010
- Vedanta taps Gujarat for bauxite for Orissa refinery - Sep 02, 2010
- Hindalco to invest $5 billion more, double aluminium capacity - Dec 06, 2011
- NALCO to expand capacity at Orissa unit - Apr 25, 2011
- Environment ministry stops Vedanta's refinery expansion in Orissa - Oct 22, 2010
- Troubled Vedanta loses appeal for controversial Orissa refinery - Oct 22, 2010
- NALCO gears up for expansion,to enter metal and power sectors - Oct 01, 2010
- Rio Tinto puts aluminium maker on the market - Oct 17, 2011
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