{"id":427766,"date":"2021-07-28T08:24:34","date_gmt":"2021-07-28T02:54:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427766"},"modified":"2021-07-28T09:32:02","modified_gmt":"2021-07-28T04:02:02","slug":"vedanta-to-invest-rs-6600-cr-on-balco-expansion-over-18-24-months","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-to-invest-rs-6600-cr-on-balco-expansion-over-18-24-months\/","title":{"rendered":"Vedanta to invest Rs 6,600 cr on Balco expansion over 18-24 months"},"content":{"rendered":"<p>Oil and gas and metals company Vedanta plans major expansion at Bharat Aluminium Company&#8217;s (Balco) smelter capacity which will involve an investment of Rs 6,611 crore over the next 18-24 months.<\/p>\n<p>This would be first major investment after a long gap by Vendanta in the entity it acquired by purchasing majority government shareholding nearly two decades back. <\/p>\n<p>As part of the expansion, Balco&#8217;s smelter capacity will increase by 414 KTPA, taking its total capacity to close to 1 million tonnes. With this fresh investment, Balco&#8217;s value-added products portfolio will increase to 92 per cent.<\/p>\n<p>In addition, the carbon plant adequacy business at Jharsuguda (Odisha) will set up a new carbon facility at a cost of Rs 635 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and gas and metals company Vedanta plans major expansion at Bharat Aluminium Company&#8217;s (Balco) smelter capacity which will involve an investment of Rs 6,611 crore over the next 18-24 months. This would be first major investment after a long gap by Vendanta in the entity it acquired by purchasing majority government shareholding nearly two decades back. As part of the expansion, Balco&#8217;s smelter capacity will increase by 414 KTPA, taking its total capacity to close to 1 million tonnes. With this fresh investment, Balco&#8217;s value-added products portfolio will increase to 92 per cent. In addition, the carbon plant adequacy [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-427766","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=427766"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427766\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}