On April 3, Vedanta Aluminium successfully inaugurated a 1.5 million tonnes per annum (mtpa) expansion at its alumina refinery in Lanjigarh, Odisha. This addition, integrated into an existing 3 mtpa facility, will increase the firm’s capacity to 3.5 mtpa, as stated in an exchange filing.
The company highlighted that this expansion marks a significant stride towards its goal of becoming one of the world’s top three aluminum producers.
Overall, the new capacity enhancement will elevate the Lanjigarh refinery’s nameplate capacity from 2 mtpa to 5 mtpa.
John Slaven, CEO of Vedanta Aluminium, expressed satisfaction with the commissioning of the expanded capacity, emphasizing its role in enhancing raw material security and reducing costs for the Jharsuguda and BALCO aluminum smelters. He underscored the significance of this development in achieving 100% vertical integration and positioning the company for sustainable growth in the global aluminum market.
Vedanta Aluminium, a subsidiary of Vedanta Limited, holds the distinction of being India’s largest aluminum producer, accounting for over half of the country’s aluminum production in FY24.
Vedanta Ltd, led by Anil Agarwal, reported a 18.3 percent decrease in net profit to Rs 2,013 crore in the third quarter of FY24 compared to Rs 2,481 crore in the corresponding period last year. However, revenue saw a 4 percent increase to Rs 34,968 crore during the quarter.
