Vedanta to set up Rs 2,500 crore plant for flat rolled products

is planning to set up an aluminium flat rolled products plant with an estimated capital expenditure of Rs 2,500 crore.

Ajay Kapur, CEO at Vedanta Aluminium and Power, was quoted as saying by ET: “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.”

Vedanta, which is India’s largest aluminium maker, is expanding its portfolio of value-added products. Kapur added: “This project needs some capex. It also gives you high margins and therefore we are investing in R&D to move ahead in that direction.”

According to Kapur, will be housing the plant in either of its two aluminium facilities in Chhattisgarh or Odisha.

Image Credit : images.financialexpress.com

Research Desk

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