Mumbai: The metals and mining company Vedanta Resources to infuse about $12.5 billion to speed up its business growth. It is targeting at increasing production capacity for each of its primary metals such as aluminium, copper, zinc and lead to one million tonne per annum. Apart from this, it also intends to increase its iron ore production to 20 million tonnes. On the power generation front, the company plans to set up commercial power generation capacity of close to 10,000 MW in the next few years. The Vedanta Group''s business partnership summit brought together its vendor partners, entrepreneurs and industry experts in the metals and mining sector on a single platform. An aluminium technology park in Chhattisgarh has been conceived with the support of the Chhattisgarh government, where entrepreneurs will establish downstream product units such as extrusions, castings and PP caps.
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