Vedanta invests $600 mn to double SA zinc capacity

(VEDL) has invested nearly US$ 600 million to double its zinc production capacity in South Africa. The company aims for 3 million tonnes of annual zinc production across India and South Africa. The investment doubles South African zinc capacity. Vedanta targets 3 million tonnes yearly output across its Indian and South African operations. The expansion supports its push for a larger global zinc position. Key numbers are the US$ 600 million investment and the 3 million tonnes annual production vision. This may support near-term interest in the stock on capacity growth. Peers such as Hindustan Zinc, Hindalco Industries and National Aluminium could face relative comparison on metal expansion plans. Risks include project delays or weaker zinc prices. Competitors listed: Hindustan Zinc, Hindalco Industries, National Aluminium. We have no financial interest in this news.