Board of Vedanta approves Rs 8,689 cr expansion project for Balco

28 Oct 2022 , 06:22 PM

The Board of Vedanta at its meeting held on 28 October 2022 has approved the growth expansion project for its subsidiary – Bharat Aluminium Company (Balco) as under: – Expansion of Rolled Product Capacity at Balco from existing 50 KTPA to 180 KTPA at a revised cost of Rs 595 crore. With the completion of this project, Balco will be placed in high premium product segment. – Expansion of Balco smelter capacity from existing capacity of 580 KTPA to 994 KTPA by way of Expansion Project of 414 KTPA Smelter with improved VAP portfolio, at a revised cost of Rs 8,094 crore approx., subject to requisite Government approvals. Powered by Capital Market – Live News