Vedanta's Bold Leap: Aluminium Expansion Strategy Unveiled
Vedanta Ltd, led by Anil Agarwal, plans a substantial investment of Rs 13,226 crore to boost its aluminium capacity to 3.1 million tonnes per annum by FY28. Currently holding a 50% market share, Vedanta aims to position aluminium at the core of its growth strategy, focusing on cost optimization and expanding production capacity.
- Country:
- India
Vedanta Ltd, spearheaded by Anil Agarwal, has announced plans to significantly augment its aluminium production capacity to 3.1 million tonnes per annum (MTPA) by the fiscal year 2028. To achieve this, the company will invest Rs 13,226 crore, according to sources familiar with the strategy.
The expansion aligns with Vedanta's vision to place aluminium, the second-most consumed metal globally, at the heart of its growth trajectory. The company, already a dominant player in the Indian market with over a 50% share, will see its capacity rise from the current 2.4 MTPA, reaching an interim target of 2.75 MTPA by FY26.
Vedanta's commitment is bolstered by its operational strategy of cost reduction, having lowered production expenses by nearly 24% through backward integration. The rising demand for aluminium, driven by government initiatives and economic growth, further positions the company to meet both national and international demands efficiently.
(With inputs from agencies.)
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