Infrastructure sector projects by Vedanta Group in Jhasarguda
Project Information
7027
Vedanta Group
Anil Agarwal group company Vedanta has signed an agreement with the Odisha government to set up an aluminium park adjacent to its aluminium smelter at Jhasarguda.
The company has a 1.6 million tonnes production capacity at the smelter.
The proposed park, to come up on 240 acres, has the potential to attract investment of Rs.1,000 crore and generate direct and indirect employment to about 17,000 people.
Abhijit Pati, CEO-Aluminium, Vedanta, told BusinessLine that the company would be able to sell aluminium in molten form to manufactures within the park, rather than supplying it in ingots or sheets, thus saving huge costs for both Vedanta and the manufacturers. It would also make the production of aluminium products cost-efficient.
Units within the park can start production at short notice and Vedanta, with adequate smelting capacity and 3,600 MW of power generation, can assure uninterrupted supply at very competitive prices, he said.
Project Value
Refer document
MoU Signed
Jhasarguda
Odisha
India
Infrastructure
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