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Vedanta expands RTC renewable energy capacity to 1.03 GW

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Vedanta Limited has scaled up its round-the-clock (RTC) renewable energy capacity to 1.03 GW through a combination of wind, solar, and pumped storage projects. This expansion is expected to reduce carbon emissions by over 6 million tonnes each year. As part of its decarbonisation plan, the company reported using 2.61 billion units of renewable energy in its operations. Vedanta also runs one of the largest lithium-ion forklift fleets at its aluminium plants, uses LNG-powered trucks…

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Serentica secures Rs 8.58 billion ECB for 300 MW solar project in Rajasthan

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Serentica Renewables India Private Limited (SRIPL) has achieved financial closure for its 300 MW solar power project in Rajasthan. The company has secured over Rs 8.58 billion (USD 100 million) through External Commercial Borrowing (ECB) from Rabobank and Societe Generale. The power generated from this project will be supplied to Bharat Aluminium Company Limited (BALCO), a wholly-owned subsidiary of Vedanta Limited. This forms part of Vedanta’s broader plan to procure 691 MW of renewable energy…

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Vedanta to invest Rs 1 trillion in Rajasthan

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Vedanta has announced plans to invest more than Rs 1 trillion in Rajasthan, covering its zinc, renewable energy, and oil and gas divisions.  This investment is expected to create around 200,000 jobs and support the development of over 500 downstream industries across various sectors. Hindustan Zinc, a Vedanta Group company, will invest Rs 300 billion to double its zinc production capacity from 1.2 million tonnes per annum (MTPA) to 2 MTPA, increase silver output from…