Vedanta to Export Over 50% of Aluminium as India Increases Imports

Business Standard reported that Vedanta, India's top aluminium producer, in this fiscal year aims to ship more than half of its production volume to international markets. Mr Ajay Kapur, chief executive officer (aluminium and power) of Vedanta Ltd that “Over the last few years we have observed a surge of aluminium scrap imports. We, as an industry, are working with the Indian government seeking support to protect the domestic primary industry from increasing scrap import. The domestic market continues to be our key focus for maximising sales in India”.

At the end of last fiscal, Vedanta overtook Hindalco as the top aluminium producer, churning out 1.96 million tonnes and clocking YoY growth of 17%.Vedanta has a nameplate capacity of 2.3 million tonnes per annum in its smelters in Odisha and Chhattisgarh. The company has 37% market share among domestic aluminium makers.

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