Vedanta, Hindalco expresses interest in CIL project
COAL & MINING

Vedanta, Hindalco expresses interest in CIL project

Hindalco and Vedanta, and several companies in West Asia, have expressed interest in Coal India’s proposed aluminium project in Odisha. The world’s biggest coal producer recently invited expressions of interest (EoI) for equity partners in the project that includes bauxite mining, alumina refinery and aluminium and an associated coal preparation plant. “Most domestic companies are interested, including Vedanta and Hindalco, as equity partners," one of the two officials said on condition of anonymity. “During the pre-bid conference, parties from the Gulf showed interest. Actually, a lot of electricity is required to produce aluminium, and in the Gulf, electricity production using gas is cheaper. But they don’t have bauxite, so they buy alumina from India, which is made from bauxite, and use it to produce aluminium with cheaper electricity and sell it worldwide. Now, they have shown some interest in our plant," the official added. A second official said the government is ready to offer a majority stake and management control in a special purpose vehicle (SPV) that will implement the proposed aluminium project to the chosen private entity.

Also read:
Adani emerges as lowest bidder in CIL import tender
India's domestic raw coking coal output to reach 140 mt by 2030

Hindalco and Vedanta, and several companies in West Asia, have expressed interest in Coal India’s proposed aluminium project in Odisha. The world’s biggest coal producer recently invited expressions of interest (EoI) for equity partners in the project that includes bauxite mining, alumina refinery and aluminium and an associated coal preparation plant. “Most domestic companies are interested, including Vedanta and Hindalco, as equity partners, one of the two officials said on condition of anonymity. “During the pre-bid conference, parties from the Gulf showed interest. Actually, a lot of electricity is required to produce aluminium, and in the Gulf, electricity production using gas is cheaper. But they don’t have bauxite, so they buy alumina from India, which is made from bauxite, and use it to produce aluminium with cheaper electricity and sell it worldwide. Now, they have shown some interest in our plant, the official added. A second official said the government is ready to offer a majority stake and management control in a special purpose vehicle (SPV) that will implement the proposed aluminium project to the chosen private entity.Also read: Adani emerges as lowest bidder in CIL import tenderIndia's domestic raw coking coal output to reach 140 mt by 2030

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000