Vedanta’s board has given its nod for a $1.5 billion investment to expand its aluminium capacity since the plans to expand its smelters and increase the share of value-added products in its aluminium portfolio.

The company also plans to expand its zinc alloys production through its subsidiary Hindustan Zinc. 

Earlier, the company had commissioned a 30 kilo tonnes per annum capacity plant in Rajasthan.

The company plans to list its separate entities to trim down its massive $11 billion debt. The listing will help Vedanta to not only reduce its debt but also raise the necessary funds to expand its mining and production operations.

The Vedanta Group won four blocks in the fourth round of critical mineral blocks auction recently.