India’s aluminium industry is set for significant growth as major players like Adani, Vedanta, and Birla pledge investments exceeding ₹2.4 lakh crore, driven by rising demand in electric vehicles and renewable energy.
Vedanta Aluminium Metal Ltd aims to increase its production capacity to 60 lakh tonnes per annum to cater to growing demand in various sectors. The company recently listed on the BSE and NSE, marking a significant milestone in its development.
Shares of Vedanta’s newly demerged entities have risen up to 5% for a second consecutive session, fueled by strong investor interest and positive brokerage outlooks. Citi favors Vedanta Aluminium as a long-term investment.
Odisha Chief Minister Mohan Charan Majhi announced that the progress of Vedanta’s ₹1 lakh crore projects will be reviewed every 15 days to ensure timely execution.
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