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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement