Help Desk -
9958816305, 9810335381
Email
Password

Nalco banks on long-term raw material security for alumina, aluminium ops

Metal News - Published on Mon, 02 Dec 2019

Image Source: economictimes.com
Business Standard reported that state run producer National Aluminium Company is betting on long-term raw material security to extend the longevity of its alumina refining and aluminium smelting operations. Nalco aims to put on stream its second bauxite mining lease of Pottangi in 2023. This captive mine will feed its fifth stream of alumina refinery at Damanjodi currently under expansion. The Pottangi mining lease along with the Panchpatmalli mines having balance deposits of around 160 million tonnes would offer ample bauxite to ensure the refinery operations for the next 25 to 30 years.

Aside from bauxite, Nalco aims to begin mining from its captive Utkal-D coal block from calendar 2020- a milestone that promises to prune its cost of aluminium production by 25 per cent.

Nalco has pledged Rs 5600 crore on adding a fifth stream of one million tonne capacity to its alumina refinery at Damanjodi in south Odisha. Work on side grading and soil testing has already commenced. Presently, Nalco is operating the refinery at more than its normative capacity of 2.1 mtpa.

Source :

Posted By : Rabi Wangkhem on Mon, 02 Dec 2019
Related News from Metal segment