• Tuesday, April 16, 2024

Business

Mining Giant Vedanta Plans To Invest £1.60 Billion In India’s Odisha State

Agarwal speaking in the conclave added that his company has already invested more than Rs 500bn in Odisha. A fresh investment of Rs 150bn will be made available for the expansion of the Lanjigarh refinery in the next three years (Photo: STRDEL/AFP/Getty Images).

By: Radhakrishna N S

Mining giant, Vedanta Resources announced on Monday (12) that it plans to pump Rs 150 billion (£1.60bn) to increase the alumina refinery capacity at Lanjigarh in eastern Indian state Odisha. With the new investment, the company aims to raise its capacity threefold to six million tonnes per annum (MTPA) and firm up the downstream sector in the state in three years. Vedanta chairman Anil Agarwal while addressing at the ‘Make in Odisha Conclave 2018’ being held at Bhubaneswar, the capital city of Odisha said, the Lanjigarh plant would be expanded in phases which would raise the capacity of the refinery…

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