Vedanta Group would bid for iron ore, coal and oil & gas assets in the country in order to take advantage of the lower cost of production compared to global standards, Anil Agarwal Chairman of the London-listed group said in an interview to a leading media.
He said the company would bid for coal assets to feed its power plants that are generating 10,000 mw of power each year.
He said the global aluminium production cost is $2,200 a tonne. India can produce at half the price, at around $1,200-1,300, he informed. According to him, the cost of production in oil & gas in India is around $3 a barrel.
Leave a Reply
You must be logged in to post a comment.