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

India’s minerals and metals specialist Vedanta plans to increase its subsidiary Bharat Aluminum’s (Balco’s) smelter capacity with Rs66.1bn ($889mn) investment over the next two years.


The planned capital infusion will increase its Korba, Chhattisgarh, India facility’s annual capacity by 414,000mt, bringing its total output to over 1mn mt per year, noted media reports on Jul 27.


Vedanta’s phased investment will increase the aluminum smelter’s portfolio value to 92pc and also boost the group’s output of the grey metal to 2.8mn mt.


Balco’s current annual capacity is 570,000mt, and it manufactures billets, ingots, busbars, wire rods, and rolled products.



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