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Vedanta Limited plans Rs 2,500 crore plant for flat-rolled products

Sep 26,2019

Vedanta Resources Limited India’s largest aluminium maker is expanding its portfolio of value-added products and is planning to set up an aluminium flat-rolled products plant with an estimated capital expenditure of Rs 2,500 crore, a senior Vedanta official said.

 

Flat-rolled products, or FRPs, comprise foils, sheets, and plates and are used in the automobile, aerospace, consumer durables sectors, among others. This Capital Expenditure will be part of the Rs 15,000 crore investment plan by Vedanta to take its aluminium capacity from the current 2 million to 3 million tonnes in the next 3-4 years.

 

Ajay Kapur, CEO at Vedanta Aluminium and Power, said in an interaction "We are looking at producing rolled products and entering the sheets market. For this, we are currently talking to Chinese players to see if we can bring a plant here. This project needs some Capital Expenditure. It also gives you high margins and therefore we are investing in Research & Development to move ahead in that direction."

 

Vedanta Resources Limited will be housing the plant in either of its two aluminium facilities in Chhattisgarh or Odisha, Kapur said. Vedanta's rival — Aditya Birla Group's flagship Hindalco — also produces FRPs through various facilities in India as well as through its wholly-owned US subsidiary Novelis, that is world's largest aluminium rolling company.

 

Vedanta Resources Limited is a global diversified metals and mining company with its headquarters in London, United Kingdom. It is the largest mining and non-ferrous metals company in India.