+
Vedanta, Hindalco expresses interest in CIL project
COAL & MINING

Vedanta, Hindalco expresses interest in CIL project

Hindalco and Vedanta, and several companies in West Asia, have expressed interest in Coal India’s proposed aluminium project in Odisha. The world’s biggest coal producer recently invited expressions of interest (EoI) for equity partners in the project that includes bauxite mining, alumina refinery and aluminium and an associated coal preparation plant. “Most domestic companies are interested, including Vedanta and Hindalco, as equity partners," one of the two officials said on condition of anonymity. “During the pre-bid conference, parties from the Gulf showed interest. Actually, a lot of electricity is required to produce aluminium, and in the Gulf, electricity production using gas is cheaper. But they don’t have bauxite, so they buy alumina from India, which is made from bauxite, and use it to produce aluminium with cheaper electricity and sell it worldwide. Now, they have shown some interest in our plant," the official added. A second official said the government is ready to offer a majority stake and management control in a special purpose vehicle (SPV) that will implement the proposed aluminium project to the chosen private entity.

Also read:
Adani emerges as lowest bidder in CIL import tender
India's domestic raw coking coal output to reach 140 mt by 2030

Hindalco and Vedanta, and several companies in West Asia, have expressed interest in Coal India’s proposed aluminium project in Odisha. The world’s biggest coal producer recently invited expressions of interest (EoI) for equity partners in the project that includes bauxite mining, alumina refinery and aluminium and an associated coal preparation plant. “Most domestic companies are interested, including Vedanta and Hindalco, as equity partners, one of the two officials said on condition of anonymity. “During the pre-bid conference, parties from the Gulf showed interest. Actually, a lot of electricity is required to produce aluminium, and in the Gulf, electricity production using gas is cheaper. But they don’t have bauxite, so they buy alumina from India, which is made from bauxite, and use it to produce aluminium with cheaper electricity and sell it worldwide. Now, they have shown some interest in our plant, the official added. A second official said the government is ready to offer a majority stake and management control in a special purpose vehicle (SPV) that will implement the proposed aluminium project to the chosen private entity.Also read: Adani emerges as lowest bidder in CIL import tenderIndia's domestic raw coking coal output to reach 140 mt by 2030

Next Story
Infrastructure Urban

Hansgrohe Appoints Abdulkader Bengali as India Managing Director

Hansgrohe Group, the German manufacturer of premium bathroom and kitchen solutions, has appointed Abdulkader Bengali as Managing Director for its India operations, effective August 18, 2025. With over 26 years of leadership in the construction and building materials sector, Bengali has held key roles at Sintex BAPL, ALP Aeroflex, and Owens Corning. A gold medallist engineer from NIT Surat and an Executive MBA from SP Jain, he is known for driving business turnarounds and high-growth strategies. Welcoming the appointment, Thomas Stopper, Vice President Asia, Hansgrohe Group, said: “..

Next Story
Products

Kenstar Launches India’s First 5-Star Rated Air Cooler Range

Kenstar, one of India’s most trusted consumer appliance brands for nearly three decades, has introduced the country’s first BEE 5-Star Rated Energy Efficient Air Cooler range. Unveiled in Gurugram, the new portfolio is backed by a 5-year warranty, delivering both performance and peace of mind. The launch is part of Kenstar’s new ‘Power of 5’ campaign, symbolising five key benefits—Performance, Efficiency, Quality, Durability, and Reliability. Each product in the line-up features advanced BLDC Maxx Technology, Quadra Flow Technology for powerful air delivery, Hydro Dense Mesh H..

Next Story
Resources

Alt Unveils India’s First PMS Focused on Listed REITs & InvITs

Alt, India’s leading alternative investments platform, has launched ARIPS – Alt REIT InvIT PMS Strategy, the country’s first and only Portfolio Management Service exclusively investing in units of listed Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The strategy aims to give investors structured access to India’s rapidly expanding real estate and infrastructure assets, offering stable yields of c. 8–9 per cent annually (distributed quarterly) and target returns of 12–15 per cent IRR over a four-year horizon.   REITs and Inv..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?