The Business Bytes
NEW DELHI, APRIL 04, 2024 (TBB BUREAU): Vedanta Aluminium, India’s largest producer of aluminium, on Thursday marked a significant milestone in its ambitious expansion journey aimed at positioning itself among the top 3 global players with an impressive 3 million tonnes per annum (MTPA) of aluminium production capacity.
In a monumental move towards achieving complete vertical integration, the company announced the successful commissioning of a new 1.5 MTPA expansion at its state-of-the-art alumina refinery at Lanjigarh in Odisha. This development catapults the alumina refinery’s production capacity to 3.5 MTPA, up from the existing 2 MTPA, solidifying Vedanta’s foothold in the global aluminium market.
The additional 1.5 MTPA capacity is a pivotal component of Vedanta Aluminium’s ongoing expansion initiative, aimed at elevating the overall nameplate capacity at the Lanjigarh refinery from the current 2 MTPA to an impressive 5 MTPA, effectively bolstering its support for the increasing aluminium production.
Vedanta Aluminium boasts one of the widest ranges of high-quality aluminium products globally, including the pioneering low-carbon ‘green’ aluminium range, branded Restora. These products serve critical functions across sectors such as automotive, aerospace, defence, infrastructure, power projects, electricals, and packaging, among others. Additionally, the company stands as one of India’s largest producers of premier smelter grade alumina (SGA), a vital raw material for its aluminium plants in Jharsuguda (Odisha) and BALCO (Chhattisgarh).
Vedanta Aluminium CEO John Slaven expressed his delight, stating, “”We are delighted to commission the expanded capacity which strengthens our raw material security and reduces costs for our Jharsuguda and BALCO aluminium smelters. It is a significant step towards cent percent vertical integration and strongly positions us for sustainable growth within the global aluminium market.”
Vedanta Aluminium, a subsidiary of Vedanta Limited, stands as India’s leading producer of aluminium, contributing over half of India’s aluminium production, totalling 2.37 million tonnes in FY24. Renowned for its value-added aluminium products that cater to critical applications across key industries, Vedanta Aluminium is also recognized for its leading sustainable development practices, securing the top spot in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry. With its world-class aluminium smelters, alumina refinery, and power plants in India, the company is committed to fostering the emergence of new applications for aluminium, positioning it as the ‘Metal of the Future’ for a greener tomorrow.
