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Vedanta Plans To Invest $1.5 Billion For Capacity Expansion
The Statesman Kolkata
|May 13, 2025
Vedanta's board has approved a $1.5 billion investment to expand its aluminum capacity since the plans to expand its smelters and increase the share of value-added products in its aluminum portfolio, it has been officially announced.
Vedanta also plans to expand its zinc alloys production through its subsidiary Hindustan Zinc.
Earlier, the company had commissioned a 30 kilo tonnes per annum capacity plant in Rajasthan.
The company plans to list its separate entities to trim down its massive $11 billion debt.
The listing will help Vedanta to not only reduce its debt but also raise the necessary funds to expand its mining and production operations.
यह कहानी The Statesman Kolkata के May 13, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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