Vedanta to invest %13,226 crore to ramp up aluminium capacity

Anil Agarwal-led Vedanta Ltd plans to pump in Rs 13,226 crore to ramp up its aluminium capacity to 3.1 million tonnes per annum (MTPA) by FY28, sources said.

- PTI

The current capacity of the company is 2.4 MTPA. Vedanta Ltd is anchoring aluminium at the centre of its growth strategy, with an expansion plan that will take capacity to 3.1 MTPA by FY28, sources said.

The company is planning to invest Rs 13,226 crore over the next few years for this expansion, they said. Aluminium, the world's second-most consumed metal after steel, is becoming increasingly critical to electric mobility, renewable energy, urban infrastructure, and aerospace.

Vedanta, the country’s leading aluminium producer with over 50% share in domestic market, is also set to ensure