
Vedanta Aluminium expands foundry alloy capacity by 120 KTPA at Jharsuguda
has announced an expansion of its
Primary Foundry Alloy
(PFA) capacity at its Special Economic Zone (SEZ) facility in Jharsuguda, Odisha, by 120 kilo tonnes per annum (KTPA). The company was the first in India to produce and supply PFAs to the domestic market and aims to strengthen India's position in the global automotive and engineering aluminium supply chain.
PFAs are widely used in the manufacturing of
automotive components
such as alloy wheels, engine blocks, cylinder heads, and transmission housings. According to the company, these materials are suited for modern vehicles focused on fuel efficiency and emission control.
Vedanta
stated that its PFAs meet international quality standards, including those linked to BS-VI and CAFE regulations.
Market outlook and technology deployment
The global PFA market is growing at 5.8 per cent CAGR, while India's demand is currently rising at 6.5 per cent. Projections suggest this may increase to 7 per cent over the next five years, with support from government initiatives like Make in India, the PLI scheme, and the growth of
electric vehicles
.
Rajiv Kumar, CEO, Vedanta Aluminium, said, 'The expansion of our Primary Foundry Alloy capacity is a significant milestone in our journey to enhance value for our customers and position India as a global hub for advanced aluminium solutions, strengthening the
Aatmanirbhar Bharat
mission.'
Sunil Gupta
, COO, Vedanta Aluminium, added, 'As we broaden our portfolio of value-added products, we are not only supporting the shift towards lightweight, fuel-efficient vehicles but also contributing to the growth of indigenous manufacturing and reducing India's reliance on imports.'
To support the capacity expansion, Vedanta has installed casting equipment from Befesa, Spain, including in-line metal treatment, degassing systems, and vertical chill casting technology. The company aims to supply markets in Europe, North America, and Asia alongside domestic customers.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
32 minutes ago
- Time of India
Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead
New Delhi: Major global and Indian brokerages remain optimistic on Vedanta Ltd's performance for FY26, citing stronger LME pricing trends, cost discipline, deleveraging, and a resilient aluminium business among the key growth drivers. These firms have also taken note of the several growth projects scheduled for commissioning or completion in the next few quarters. JP Morgan noted that Vedanta's first quarter consolidated EBITDA was largely in line with estimates, with key segments such as aluminium, oil and gas, and power faring better than its expectations, leading to an overall segmental EBITDA beat. On the earnings trajectory for the current and next fiscal, the firm expects various ongoing initiatives at Vedanta to aid growth. "Vedanta's capacity expansion journey in the aluminium business as well as vertical integration should bring cost advantages. LME prices have also bottomed out and should continue to move higher into FY26-27, likely aiding earnings growth." Echoing similar views on LME prices and its potential benefit, Citi Research cited that Vedanta's parent (Vedanta Resources) leverage is at comfortable levels. It listed potential upside in medium-term aluminium LME prices, lower cost, and the demerger as another positive for Vedanta, while adding that aluminium globally has a limited supply growth. Mumbai-based Nuvama Institutional Equities expects Vedanta to deliver quarter-on-quarter EBITDA growth in Q2. "Q2FY26 EBITDA is likely to increase 10 per cent-plus quarter-on-quarter on the back of higher prices and lower aluminium cost of production. Major aluminium projects are likely to be commissioned in Q2FY26. We reckon net debt/EBITDA ex-Hindustan Zinc shall fall to 1.7x by FY26-end, compared to 2.7x in FY25. Demerger of the business is likely to be concluded in Q4FY26," the firm said in its report. The brokerage expects Vedanta's all major projects except coal blocks to be likely commissioned in the current fiscal, providing volume growth and cost reduction visibility for the company. UK-based Investec stated in its post-earnings report that Vedanta is a key beneficiary of depreciation in the Indian Rupee. Other near-term positives listed by the firm include declining alumina prices and the company offering attractive yields. The firm has retained its buy recommendation on Vedanta. Research firms like Kotak Institutional Equities and IIFL have cited factors like cost efficiencies and deleveraging at both Vedanta Ltd and its parent Vedanta Resources as beneficial factors. Vedanta's adjusted profit after tax jumped 13 per cent year-on-year to Rs 5,000 crore. The company clocked its highest-ever first-quarter EBITDA of Rs 10,746 crore, which was up 5 per cent year-on-year. PTI>


Time of India
35 minutes ago
- Time of India
Vedanta continues winning street confidence: Brokerages forecast strong earnings ahead
New Delhi: Major global and Indian brokerages remain optimistic on Vedanta Ltd 's performance for FY26, citing stronger LME pricing trends, cost discipline, deleveraging, and a resilient aluminium business among the key growth drivers. These firms have also taken note of the several growth projects scheduled for commissioning or completion in the next few quarters. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Most Beautiful Female Athletes in the World Click Here Undo JP Morgan noted that Vedanta's first quarter consolidated EBITDA was largely in line with estimates, with key segments such as aluminium, oil and gas, and power faring better than its expectations, leading to an overall segmental EBITDA beat. On the earnings trajectory for the current and next fiscal, the firm expects various ongoing initiatives at Vedanta to aid growth. "Vedanta's capacity expansion journey in the aluminium business as well as vertical integration should bring cost advantages. LME prices have also bottomed out and should continue to move higher into FY26-27, likely aiding earnings growth." Echoing similar views on LME prices and its potential benefit, Citi Research cited that Vedanta's parent (Vedanta Resources) leverage is at comfortable levels. It listed potential upside in medium-term aluminium LME prices, lower cost, and the demerger as another positive for Vedanta, while adding that aluminium globally has a limited supply growth. Live Events Mumbai-based Nuvama Institutional Equities expects Vedanta to deliver quarter-on-quarter EBITDA growth in Q2. "Q2FY26 EBITDA is likely to increase 10 per cent-plus quarter-on-quarter on the back of higher prices and lower aluminium cost of production. Major aluminium projects are likely to be commissioned in Q2FY26. We reckon net debt/EBITDA ex-Hindustan Zinc shall fall to 1.7x by FY26-end, compared to 2.7x in FY25. Demerger of the business is likely to be concluded in Q4FY26," the firm said in its report. The brokerage expects Vedanta's all major projects except coal blocks to be likely commissioned in the current fiscal, providing volume growth and cost reduction visibility for the company. UK-based Investec stated in its post-earnings report that Vedanta is a key beneficiary of depreciation in the Indian Rupee. Other near-term positives listed by the firm include declining alumina prices and the company offering attractive yields. The firm has retained its buy recommendation on Vedanta. Research firms like Kotak Institutional Equities and IIFL have cited factors like cost efficiencies and deleveraging at both Vedanta Ltd and its parent Vedanta Resources as beneficial factors. Vedanta's adjusted profit after tax jumped 13 per cent year-on-year to Rs 5,000 crore. The company clocked its highest-ever first-quarter EBITDA of Rs 10,746 crore, which was up 5 per cent year-on-year.


Mint
4 hours ago
- Mint
Siemens Energy India shares soar 5% to 52-week high after stellar Q3 earnings, ₹280 crore investment plan
Shares of Siemens Energy India rallied over 5 percent on Tuesday, August 5, hitting a new 52-week high of ₹ 3,407.95 on the BSE. The surge followed the company's strong June quarter earnings report—its first since listing in June—and the announcement of a ₹ 280 crore investment to expand its manufacturing operations in response to robust order inflows. For the third quarter of FY26, Siemens Energy India reported a net profit of ₹ 263 crore, marking an 80 percent year-on-year (YoY) jump from ₹ 146 crore a year ago. The company's revenue from operations stood at ₹ 1,785 crore, up 20 percent YoY. A major driver behind the profit spike was a sharp 94 percent YoY surge in new orders, totaling ₹ 3,290 crore, indicating strong demand from both domestic and international markets. In its exchange filing, the company attributed its performance to a robust and healthy order backlog. The operating EBITDA margin came in at a strong 19.1 percent for the quarter, buoyed by margins in the power transmission business. After accounting for one-time costs like stamp duty and transfer charges, the adjusted profit margin stood at 17.6 percent, a significant improvement over 13.3 percent in the year-ago period. To capitalize on the growing demand for high-voltage switchgear products, Siemens Energy India announced a phased investment of ₹ 280 crore to expand its manufacturing capacity at its Aurangabad facility. 'We continue to add capacity in our Power Transmission business to serve the increasing demand—not just in India but globally,' said Managing Director and CEO Guilherme Mendonca. 'With this investment, we are proud to support India's energy transition and contribute to the Make in India and Aatmanirbhar Bharat vision.' This was the company's first earnings report since its listing on June 19, 2025. Siemens Energy India is promoted by Siemens International Holding B.V., headquartered in the Netherlands. Commenting on the performance, Mendonca said, 'New orders grew by an exceptional 94 percent on the back of a strong domestic market and rising exports. A healthy order backlog and continuous operational excellence helped the company deliver robust results for the quarter and the nine-month period.' Siemens Energy India operates across the energy value chain with offerings that include gas and steam turbines, hybrid power plants using hydrogen, power generators, and transformers. The stock has jumped 37.5 percent from its discovery price of ₹ 2,478.20 and over 37 percent from its listing price of ₹ 2,480. It had hit its 52-week low of ₹ 2,529.00 in June 2025. In the current month alone, the stock is up 3 percent after gaining 8.5 percent in July.