Vedanta lowers aluminium output forecast

Mumbai: Vedanta now sees the production capacity of its aluminium business and the earnings before interest, tax, depreciation and amortisation (EBITDA) generated from this business growing at a slower pace than earlier anticipated.

In June last year, the country's largest aluminium producer had projected EBITDA to double past $4 billion in the current fiscal, aided by a greater share of value-added products, self-sufficiency in raw materials, and the start of new smelting and refining capacities.

Its latest investor presentation, though, showed that the aluminium business is likely to generate an Ebitda of $2.7 billion in the current fiscal, $3.6 billion in FY27 and $4.1 billion in fiscal 2028.