Buoyed by resilient LME (London Metal Exchange) prices and the declining cost of alumina, Anil Agarwal-led mining giant Vedanta aims to ramp up its aluminium output to 1.6 million tonnes in the current financial year. The complete ramp-up of its second aluminium smelter at Balco and the progressive ramp-up of the balance pot lines at its 1.25 million tonnes per annum (mtpa) Jharsuguda smelter would help Vedanta achieve the higher production target.
Vedanta exited FY17 with a record aluminium production of 1.2 million tonnes, excluding trial production. In FY16, the cost of production (CoP) had fallen 7 per cent to $1,463 per tonnes due to lower cost of alumina, increase in volumes, rupee appreciation and the implementation of various cost-saving initiatives. Read more
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