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Sesa Sterlite to spend Rs 8,000 crore on expansion

The Economic Times:  August 05, 2014

Mumbai: Sesa Sterlite, a Vedanta group company, will spend up to Rs 8,000 crore in the next three to four years to expand its Lanjigarh refinery in Odisha, after it received consent from villagers last week, a senior official, who declined to be named, said.

Sesa Sterlite recently got villagers' approval to expand capacity of Vedanta Aluminium's refinery in Lanjigarh to produce 6 MT of alumina from the present capacity of just 1 MT, according to the Odisha government.

"Formal approval of MoEF will be sought in 15 days. The application might be taken up by the Environment Appraisal Committee in their monthly meetings either in August or September. Once we have a formal approval, we will start expanding the refinery," said the official. The official said the total cost of the project is Rs 8,000-10,000 crore.

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