In Science and Space: Vedanta’s aluminum business, which has been less affected by COVID-19, will focus on backward integration in the next financial year, launching two mines in Orissa to ensure raw material safety for the plant, said the company’s top executive. Rahul Sharma, the CEO of Vedanta’s aluminum business, said in an interview with PTI that the company’s focus in the next financial year will be on backward integration. “The second is raw materials. We have some mines. …they (the Jamkhani and Radhikapur mines) are expected to start operations in the next financial year,” Sharma said.
“Nothing stood in the way. Rather, we are heading in the right direction from the product side, the extension side, the back integration side, the value-added product side,” he said. Vedanta Aluminum currently produces one of the largest aluminum ranges and offers value-added products. The company is a leading manufacturer and exporter of aluminum billets. Vedanta Aluminum Business, a division of Vedanta Limited, is India’s largest producer of aluminum, producing 1.97 million tonnes per year (MTPA), half of India’s aluminum in FY2021.
The expansion of the company’s alumina smelter from the current 2 million tonnes per annum to 5 MTPA is on schedule, he said. “We are expanding our refinery, which is an intermediate product, alumina, from 2 million tons to 5 million tons… we are on track,” said the CEO. In the metals sector, Vedanta’s group company Balco’s capacity will increase from 560,000 tons (MT) to 1 million tons (MT). Sharma further said the company is expanding its portfolio of value-added products such as billets and alloys to address future sectors such as electric vehicles, renewable energy and aerospace.