GREY:BPWRF - Post by User
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7034on Oct 19, 2005 12:11am
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Post# 9731823
when is our turn??
when is our turn??Vedanta to approve $2bn Indian plant
By Rebecca Bream in Mumbai
Published: October 18 2005 22:12 | Last updated: October 18 2005 22:12
Vedanta Resources, the London-listed metals company, is close to approving a $2bn (€1.7bn) investment in an aluminium complex in Orissa, India, which will more than double the size of its aluminium business.
The smelter in Jharsuguda will produce 400,000 tonnes a year and could be ready in three years. It would make Vedanta India's biggest aluminium producer and rank it well within the top 10 global producers.