Vedanta plans to raise aluminum production capacity to 2.3-2.4 million tons
Time:Thu, 04 Nov 2021 09:20:25 +0800
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Vedanta, a natural resources company in India, reported that the company’s revenue totaled R$300.48 billion in the second quarter ending on September 30, 2021, up by 44.4% compared to the same period a year ago. Among them, the aluminum business accounted for R$46.47 billion in revenue.
During the period, Vedanta's aluminum output was 570,000 tons, a year-on-year increase of 21%; alumina output totaled 511,000 tons, a year-on-year hike of 11%.
Vedanta CEO Sunil Duggal said that Vedanta decided to raise its aluminum production capacity from 1.8 million tons to 2.26 million tons, and it is currently hopeful to further increase the capacity to 2.3-2.4 million tons. Sunil Duggal believed that the demand and prices of commodities will continue to rise.
