Vedanta Resources today said the company plans to increase the capacity of its Balco facility to 7 lakh tonnes per annum from one lakh tonnes per annum soon.

“When we took over BALCO it was producing one lakh tonnes per annum of aluminium... We are taking it to 7 lakh tonnes per annum as quickly as possible,” Anil Aggarwal, Chairman, Vedanta Resources said here.

The company is willing to pick up 10 per cent stake in any aluminium facility which would process the aluminium produced at Balco.

“We can pick up to 10 per cent stake,” Aggarwal said.

On the Balco open offer, he said, “The Government is saying they are going for e-auction, if it is suitable, we would accommodate it.”

The company is also expanding the capacity of its 1200 MW power plant, to feed the aluminium unit, to 2000 MW.

“The State government has done everything to speed up the entire process, we would add 800 MW to that unit soon,” he added.

Meanwhile, the company’s refinery plant at Lanjigarh in Odisha, which was temporarily shutdown on October 13, has opened and re-started operations as it has procured bauxite from Chhattisgarh and Gujarat.

The company now has a stock of about 40,000 tonnes of bauxite.

The company will receive 90,000 tonnes of bauxite from Gujarat Mineral Development Corporation (GMDC).

(This article was published on November 2, 2012)
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