Vedanta’s board of directors has given a nod for 430 KTPA (250 Billet and 180 PFA) capacity expansion at cost of Rs 750 crore.
The decision will improve Jharsuguda, Odisha location VAP capacity to 87 per cent. This project will also help cater the increased demand in the product and will improve the overall premium.
Vedanta is a diversified natural resources company. Its business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.