Vedanta steps up India plans despite setbacks

Chairman Anil Agarwal continues to make big investments in aluminium in India, despite challenges

Kunal Bose  |  Kolkata 

Arguably in a flight of fancy, Vedanta Chairman Anil Agarwal said some time ago that India “will continue to have everything going in its favour to multiply its present primary aluminium capacity of 4.1 million tonnes (mt) several fold in the coming years.” What must have prompted Agarwal to make the statement, which took many in the industry and government by surprise, is the availability in great abundance of bauxite and electricity grade coal in the country. Not only the size of the two resources but their concentration in the eastern parts of the country, ...

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Vedanta steps up India plans despite setbacks

Chairman Anil Agarwal continues to make big investments in aluminium in India, despite challenges

Chairman Anil Agarwal continues to make big investments in aluminium in India, despite challenges Arguably in a flight of fancy, Vedanta Chairman Anil Agarwal said some time ago that India “will continue to have everything going in its favour to multiply its present primary aluminium capacity of 4.1 million tonnes (mt) several fold in the coming years.” What must have prompted Agarwal to make the statement, which took many in the industry and government by surprise, is the availability in great abundance of bauxite and electricity grade coal in the country. Not only the size of the two resources but their concentration in the eastern parts of the country, ... image
Business Standard
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