Vedanta Copper Announces $2.3 Billion Capex Plan and Tamil Nadu Smelter Restart
Based on · First reported
Sources
- Vedanta Copper said it will invest $2.3 billion over the next three to four years and plans to restart its smelter on the Tamil Nadu coast after more than eight years of shutdown.
- The company currently produces 100,000 tonnes of copper in Fujairah, UAE, and aims to lift total output beyond 1 million tonnes by the end of the decade with 500,000 tonnes each from new operations in India and Saudi Arabia, while roughly $2 billion of the spend will fund integrated facilities in Saudi Arabia.
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