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Vedanta Aluminum expansion plans may face fresh delay

Monday, Mar 05, 2012
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 BL reported that Vedanta Aluminum Limited plans to expand the capacity of its unit in Lanjigarh in Orissa is likely to face further delay with the Government asking the company to seek fresh public consent as part of the new terms it has to meet to get the environment clearance.

 
 
Mr SK Roongta MD of VAL said that “We are working on the new terms that relate to some technical and environmental details. He was unwilling to give a time frame as to when the company expected to finally get the environment clearance. All I can say now is that we can complete the first phase of the expansion from 1 million tonnes to 2 million tonnes within three to 6 months from the day we get the clearance.
 
 
He said that a significant part of the phase one expansion has been completed. We are investing about INR 5,000 crore for doubling the capacity, out of which about 50% to 60% has been spent. We can reach the 5 million tonnes tonne mark within a year from this.
 
 
Mr Anil Aggarwal controlled Sesa Sterlite has been facing delay in completing the expansion of the Orissa unit from the present one million tonnes to five million tonnes due to environment clearance.

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