Indian Metal Companies Forge Ahead with Domestic Growth Plans

Despite facing global trade challenges, including recent US tariffs, Indian metal companies like Vedanta, JSW Steel, Hindustan Zinc, and NALCO are doubling down on domestic market expansion. Analysts highlight a strong focus on India's burgeoning demand, strategic diversification, and the global scramble for critical minerals as key growth drivers.

Steel and Aluminium Demand on the Rise

With domestic steel demand projected to grow by 10% annually and aluminium demand expected to increase at a CAGR of 7.2% until 2030, the sector is poised for significant expansion. The Indian government's hefty infrastructure budget further bolsters this optimistic outlook.

Vedanta Leads the Charge in Expansion

Vedanta Limited is at the forefront, aiming to boost its aluminium production capacity to 3 million tonnes. The company's strategic acquisitions and focus on value-added products underscore its commitment to capitalizing on India's infrastructure and electric vehicle market growth.

Other Key Players Making Moves

Hindustan Zinc Ltd. and Hindalco are also expanding their operations, with new plants and projects aimed at meeting domestic demand. JSW Steel and Tata Steel's significant investments signal a robust future for India's metal industry.