Breaking News

You are here » Indian-Commodity  :  Corporate  :  Vedanta to invest Rs 3,000 crore to double copper capacity by 2019

06-Sep2016

Vedanta to invest Rs 3,000 crore to double copper capacity by 2019

Vedanta will invest up to Rs 3,000 crore in copper operations to double the capacity to 8 lakh tonnes by 2019, making the firm India's largest producer of the metal. The firm led by billionaire Anil Agrawal has a custom smelter, a refinery, phosphoric acid plant, sulphuric acid plant, copper rod plant and three captive power plants at Tuticorin (Tamil Nadu) as well as a refinery and two copper rod plants at Silvassa (Dadra and Nagar Haveli).

The company has been granted around 250 acres of land by the Tamil Nadu government in the special economic zone area in Titucorin, where it will set up another smelter of 400 kilo tonnes capacity.

Copper, which accounts for over 30 percent of Vedanta's total revenue, is an important industrial metal with extensive use in sectors such as power, telecom, consumer durables and electrical goods.



Related News

View all news

Bajaj Auto unveils new brand identity 'The World's Favourite Indian'

Bajaj Auto has unveiled a new brand identity 'The World's Favourite Indian' the focus was on replicating at home the success the group has achieved overseas. This is essentially to reflect its dramatic......

Sanwaria Consumer gets nod to raise funds on preferential basis

Sanwaria Consumer has received approval to raise funds through issue of securities on preferential basis to the extent of $100 million through one or more methods including issue of ADR/GDR/Share Warrant......

Zensar Technologies reports 6% fall in Q3 consolidated net profit

Zensar Technologies has reported results for third quarter ended December 31, 2018.The company has reported a fall of 12.87% in its net profit at Rs 33.37 crore for the quarter under review as compared......

Top News

View all news

Coromandel International reports 14% fall in Q3 consolidated net profit

Coromandel International has reported results for third quarter ended December 31, 2018.The company has reported a fall of 15.23% in its net profit at Rs 152.67 crore for the quarter under review as compared......

Bajaj Auto planning to foray into electric vehicles next year

Bajaj Auto is planning to foray into electric vehicles (EV) next year, simultaneously with the migration of its conventional engine vehicles to BS-VI emission norms.The company also plans to launch electric......

Inflame Appliances, Lupin and IDBI Bank to see some action today

Inflame Appliances has set up a new facility to produce Electrical Chimneys & its parts, which can be considered as an 'Make in India' initiative as more than 90% Chimneys are imported from China......