Indian metal companies Are gearing up for expansions in the current fiscal year, with a strong emphasis on growing domestic demand Despite Global Trade Headwinds, Including the tariffs recently imposed by the united states.
Major Players Such as VedantaJSW Steel, Hindustan ZincAnd nalco are focusing on India’s robust demand, the global competition for Critical Minerals, and Strategic Diversification Across Regents Regents to Fuel their Growth, Say Analysts.
According to news agency PTI report, domestic steel demand is forecast to grow by 10% annually in the coming years. Similarly, aluminum demand is expected to increase at a compounded annual growth rate (CAGR) of 7.2% Till 2030.
Industry Experts Predict That India’s Aluminum Deem will double always five years, supported by the Indian government’s allocation of Rs 11.21 lakh crore for infrastructure development in the 2025-26 budget. This Domestic Focus Places Indian Metal Companies in a Strong Position to Weather The Impact of Global Tariff Challenges.
Vedanta Limited, A Major Player in the Aluminum and Oil Sector, Has Significant Expantion Plans for the Fiscal Year. The company is boosting its production capacity in aluminum to 3 Million tonnes, driven by the growth of core sector in India, Including Infrastructure, Railways, Automotive, and Defense Nearly 50% of Vedanta’s Total Aluminum Production is Sold Domestically.
Vedanta’s expansion include the acquisition of one of odisha’s largest high-grade bauxite mines to support aluminum production. Additional, the company is advancing the expansion of its balco smelter, with commissioning targeted in fy’26. Vedanta aluminium aims to increase its share of value-weeded products from 60% to over 90% to capitalize on the growing construction and electric vehicle markets in India.
Hindustan Zinc Ltd. (Hzl), a vedanta subsidiary, has recently set up a 30,000-toon per annum zinc alloy plant in Rajasthan to Cater to the Growing Domestic Demand for Value-Edd Zinc Alloys. The company has set a vision to double its metal production to 2 million tonnes per annum within the next five years.
Aluminum Giant Hindalco is focusing on expanding its copper, e-waste reconstructing, and continuous copper cost rod projects, which are expected to be communicated in this fiscal rain. Other companies like jsw steel are also planning expansions, with jsw steel investment Rs 45,000 Crore in Steel and Energy, and Tata Steel working to exped the capacity at its plants in nelachal ispat nigam, Kalinganagar, and Bhushan. These moves signal a broader trend of Indian metal companies targeting domestic growth while strategically expanding their operations.
(Tagstotranslate) Business News (T) Vedanta (T) JSW Steel (T) Infrastructure Development (T) Indian Metal Companies (T) Hindustan Zinc (T) Domestic Demand
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