Vedanta Aluminium business to focus on backward integration in 2023

Vedanta Aluminium Business, a division of Vedanta Limited, announced that it would focus on backward integration in the next fiscal and would set up two mines in Odisha to supply raw materials for its plant. The company revealed that the Covid-19 pandemic did not severely affect its aluminium business. Rahul Sharma, CEO of Vedanta aluminium, told the media that the firm's focus would be on backward integration first and second the raw materials. The Jamkhani and Radhikapur coal mines are expected to complete the raw materials supply for the plants. He revealed that according to the schedule, the expansion of the alumina refinery of the company from the existing 2 million tonnes per annum (mtpa) to 5 mtpa is in progress. On the metal side, Balco, Vedanta Group's firm, would increase from 0.56 million tonnes (mt) to 1 million tonnes (mt). The CEO said that to serve the sectors such as renewable energy, aerospace and electric mobility, the firm is developing its portfolio in terms of value-added products like billets and alloys. Currently, Vedanta Aluminium manufactures one of the largest varieties of aluminium and its value-added product offerings. The firm is a prime exporter and producer of aluminium billets. In the financial year (FY) 2021, it produced India's half aluminium at 1.97 million tonnes per annum (mtpa). Image Source Also read: Vedanta launches low carbon, green aluminium Restora products