Vedanta 08/09 aluminium output to rise 28 pct - exec
September 4th, 2008 | by admin |NEW DELHI, Sept 4 (Reuters) - Vedanta Resources Ltd (VED.L: Quote, Profile, Research, Stock Buzz)expects aluminium output to rise to about 500,000 tonnes in theyear to March 2009, up 28 percent from about 390,000 tonnes inthe previous year, a senior company official told Reuters.
“Vedanta’s total aluminium production is expected to beclose to half a million tonnes this year,” Pramod Suri, chiefexecutive officer for aluminium, said in a telephone interview.
Suri said the company was also hoping to startconstruction work on an aluminium smelter and a power plant inthe east Indian state of West Bengal in three to four months,where it would invest a total of 200 billion rupees ($4.5billion).
($1 = 44.53 rupees)
(Reporting by Biman Mukherji; Editing by Charlotte Cooper)
