Indian mining giant Vedanta is investing Rs 13,226 crore to increase its aluminum production capacity from the current 2.4 million tons per year to 3.1 million tons per year by the fiscal year 2028.

Aluminum, crucial for industries such as electric mobility and renewable energy, is central to Vedanta's growth plan. The company, which holds more than 50% of the domestic market, aims for the metal to be the largest contributor to its target of US$8-10 billion group EBITDA by the fiscal year 2028.

Cost optimization, including backward integration, has reduced production costs by nearly 24% over the past 11 quarters. Growth is supported by fully captive operations and strong domestic demand due to government initiatives.