Vedanta Aluminium halts refinery on bauxite shortage

INDIA-VEDANTA-ALUMINIUM:Vedanta Aluminium halts refinery on bauxite shortage

India's largest maker, Aluminium Ltd (VAL), will temporarily shut its alumina refinery in Odisha due to bauxite shortages, the president of the company, a unit of London-listed Vedanta Resources , said.

"Despite all our efforts we could not arrange bauxite ... we are closing down the unit from December 5," Mukesh Kumar told Reuters on Tuesday.

The shutdown of the refinery is unlikely immediately to affect VAL's aluminium output, Kumar said.

The 1 million tonnes a year plant at Lanjigarh in Kalahandi district of Odisha will restart only after securing supplies of bauxite, the raw material to produce alumina, from which aluminium is made.

VAL is seeking a long-term supply arrangement, Kumar said without giving details.

The refinery, which requires 10,000 tonnes of bauxite a day to operate at full capacity, has faced bauxite shortages since it was commissioned in August 2007.

Vedanta says the plant is designed for local bauxite and only this material can ensure its sustainability.

 

image
Business Standard
177 22
Business Standard

Vedanta Aluminium halts refinery on bauxite shortage

INDIA-VEDANTA-ALUMINIUM:Vedanta Aluminium halts refinery on bauxite shortage

Reuters  |  NEW DELHI  



India's largest maker, Aluminium Ltd (VAL), will temporarily shut its alumina refinery in Odisha due to bauxite shortages, the president of the company, a unit of London-listed Vedanta Resources , said.

"Despite all our efforts we could not arrange bauxite ... we are closing down the unit from December 5," Mukesh Kumar told Reuters on Tuesday.

The shutdown of the refinery is unlikely immediately to affect VAL's aluminium output, Kumar said.

The 1 million tonnes a year plant at Lanjigarh in Kalahandi district of Odisha will restart only after securing supplies of bauxite, the raw material to produce alumina, from which aluminium is made.

VAL is seeking a long-term supply arrangement, Kumar said without giving details.

The refinery, which requires 10,000 tonnes of bauxite a day to operate at full capacity, has faced bauxite shortages since it was commissioned in August 2007.

Vedanta says the plant is designed for local bauxite and only this material can ensure its sustainability.

 

RECOMMENDED FOR YOU

Vedanta Aluminium halts refinery on bauxite shortage

INDIA-VEDANTA-ALUMINIUM:Vedanta Aluminium halts refinery on bauxite shortage

India's largest aluminium maker, Vedanta Aluminium Ltd (VAL), will temporarily shut its alumina refinery in Odisha due to bauxite shortages, the president of the company, a unit of London-listed Vedanta Resources , said.

India's largest maker, Aluminium Ltd (VAL), will temporarily shut its alumina refinery in Odisha due to bauxite shortages, the president of the company, a unit of London-listed Vedanta Resources , said.

"Despite all our efforts we could not arrange bauxite ... we are closing down the unit from December 5," Mukesh Kumar told Reuters on Tuesday.

The shutdown of the refinery is unlikely immediately to affect VAL's aluminium output, Kumar said.

The 1 million tonnes a year plant at Lanjigarh in Kalahandi district of Odisha will restart only after securing supplies of bauxite, the raw material to produce alumina, from which aluminium is made.

VAL is seeking a long-term supply arrangement, Kumar said without giving details.

The refinery, which requires 10,000 tonnes of bauxite a day to operate at full capacity, has faced bauxite shortages since it was commissioned in August 2007.

Vedanta says the plant is designed for local bauxite and only this material can ensure its sustainability.

 

image
Business Standard
177 22
Widgets Magazine

More News

  • Signs of realty revival ahead of festive season Signs of realty revival ahead of festive season
  • Amit Chandra Bain Capital's Amit Chandra joins Tata Sons board
Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard