”Annual aluminum production in India reaches 5 million tons in 5-6 years’: Vedanta Official
Vedanta is increasing annual capacity at Lanjigarh to 5 million tons of alumin
An official from metals group Vedanta Ltd said annual aluminum production in India could reach 5 million tonnes within five to six years, an increase of about 25% from current levels.
“Today’s production of 4 million tonnes of metal is likely to grow to 5 million tonnes in about five to six years,” said Deeptaman Mukherjee, commodity manager for the aluminum business in India. Vedanta.
“If there is a new market entrant, maybe five million tons can increase to about 5.5-6 million tons of aluminum production,” he added during a panel discussion at the AZ China virtual aluminum conference.
India will be a “prominent growth market” for aluminum consumption in the coming years as the country pursues construction projects to address its infrastructure shortfall, according to Fitch Solutions, according to Fitch Solutions. This year.
The expansion of Vedanta’s Lanjigarh alumina refinery in eastern Odisha state, along with construction activities elsewhere, will mean India will have enough raw materials to feed the industry, said Mukherjee. domestic aluminum smelting industry, Mukherjee said.
Vedanta is increasing its annual capacity at Lanjigarh to 5 million tonnes of alumina from 2 million tonnes at a cost of approximately Rs 46.81 billion.
Mukherjee said the increase in production is expected to be achieved in 12-18 months and will reduce Vedanta’s dependence on imported alumina. The company produces 1.9 million tons of aluminum in 2020.
