As per statistics, India has a tremendous potential to be among the top three aluminium producers in the world. And the only company which can take India to this position is undoubtedly Vedanta Aluminium Limited (VAL), according to sources.
Vedanta’s steady journey towards the top aluminium producer in the country and among the top three producers in the world is essentially due to its smelter and power projects in Jharsuguda. VAL at Jharsuguda has already started producing .25 MTPA of aluminium besides generating 675 MW of captive power. The Jharsuguda plant with a total investment of Rs 50,000 crore is expected to surpass the much-hyped six Nano car units in Gujarat.
The boom of industrial units at Jharsuguda is certainly a boon for this underdeveloped region. A bird’s eye view of the region indicates that among all industrial units in the Jharsuguda belt, VAL tops the list. While all other mega projects are struggling hard, VAL has been marching on uninterruptedly since 2006 and enjoys the rare distinction of completing its stage-wise erections much ahead of schedule. It has also initiated steps to raise aluminium production capacity in Jharsuguda to 1.5 MTPA by 2010 in three stages with its latest pre-baked Chinese technology.
The announcement by Vedanta Resources chairman Anil Agarwal that all its projects in Orissa would be as per the schedule in spite of the current recession, is a welcome relief for one and all including. The lion’s share of Vedanta’s investment will be at Jharsuguda with a huge investment of Rs 50,000 crore that will soon boast as the largest FDI in the country.
The setting up of an alumina park at Jharsuguda would totally change the face of the place from an underdeveloped town to one of the most advanced industrial hubs in the country. Vedanta Aluminium would always be credited with the largest contributor in the vicinity in terms of all-round growth of the people in the area.
Source: http://www.dailypioneer.com/154053/‘Vedanta-changing-State’s-industrial-face’.html