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Vedanta Aluminium doubles down on value-added AL to cash in on India's EV drive

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Vedanta Aluminium plans to increase the share of value-added aluminum products in its portfolio from 55% to over 90%. This move is part of the company's strategy to tap into India's growing construction and electric vehicle markets. The shift is expected to boost margins significantly. Vedanta Aluminium, a subsidiary of Vedanta Ltd, is the largest aluminum producer in India. The company aims to focus on high-margin, value-added products as it expects aluminum prices to rise in the medium to long term. The demand for aluminum is driven by the construction sector and the increasing adoption of electric vehicles in India. Vedanta Aluminium is also focused on manufacturing environmentally friendly, or green, aluminum and plans to increase its production capacity. The company is awaiting the completion of its demerger process to become an independent listed entity.