Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Vedanta has contracted China Nonferrous Metals Processing Technology (CNPT) for the engineering design and technical service of aluminium round ingot casting lines at Balco’s casting workshop in Jharsuguda, Odisha, according to local media.


With this contract in place, Bharat Aluminium Company (Balco) will launch a 580,000mt casting plant at the beginning of 2022.


Earlier, Vedanta had approved smelter expansion by 414,000mt at Jharsuguda subject to requisite government approvals at the cost of Rs66.11bn ($89.89mn). The expansion will help the company to reach a 92pc Value Added Product portfolio at the location.


The company has announced that it will be setting up a new carbon facility with the investment of Rs6.35bn for improving the efficiency and annual capacity of anode production to 1.78mn mt with the scalability of up to 2mn mt.


In the recently announced quarterly results, Vedanta announced that its aluminium production rose by 17pc in the April-June quarter to 549,000mt. At Jharsuguda plant I, the production reached 137,000mt and at Jharsuguda plant II the output was 267,000mt, up by 3pc and 13pc, respectively. 

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