Vedanta Aluminium business to focus on backward integration in 2023

01 Mar 2022 CW Team

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

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..