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Vedanta Aluminium chalks out big expansion plan

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Commodity Online
MUMBAI: Vedanta Aluminium Ltd has big plans to upgrade the Jharsuguda smelter plant in Orissa. As part of this the company has given a contract to Siemens Ltd to provide it high voltage power distribution systems for the second phase of expansion.

The Rs 112-crore power augmentation package for phase II will increase the capacity of the smelter plant from 0.5 million tonnes per annum to 1.75 million tonnes per annum. With this, Vedanta’s domestic production of aluminum ingots would be three fold for the plant.

Siemens’ Industry Solutions division, part of its Industry Sector has bagged a turnkey order worth Rs 112 crore from Vedanta Aluminium Ltd.

This order forms part of Vedanta Aluminium’s expansion project at Jharsuguda for Rs 12,000 crore, which currently is in its second phase of implementation. The aluminium industry in India is the fastest growing sector among all metals. Upon completion, this Vendanta plant at Jharsuguda is expected to be Asia’s largest and among the top 5 integrated producers of aluminium worldwide.

The expansion at the Jharsuguda plant is an important part in VAL’s growth strategy. The Siemens Industry Solutions (IS) division is a part of the Industry Sector of Siemens Ltd. This division is the integrator of systems and solutions for industrial and infrastructure facilities, and is a global service provider for the plant and projects business covering planning, installation, operation and the entire life cycle.
NCDEX SILVERINTLJUN2012 28 June 2012 contract was trading at Rs 0 . What's your view on it?
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