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Naveen Jindal group weighs aluminium foray, plans depend on mine

Company sees consumption rising as electric vehicles increase and light metals become more important

Naveen Jindal
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Naveen Jindal, Group Chairman, Jindal Steel & Power

Ishita Ayan Dutt Kolkata
The Naveen Jindal group is exploring opportunities in aluminium, but its plans depend on getting a bauxite mine in a business dominated by three large companies.

The group wants to be an integrated player: from bauxite to alumina and aluminium. “Bauxite is a critical resource. Without control on raw material it is not possible to put up a large plant,” said a source on the condition of anonymity. Business Standard’s e-mail to the group was unanswered.

Land and electricity are factors in setting up an aluminium project, but it’s bauxite that is likely to shape the group’s decision. Three bauxite