Thursday, October 11, 2012

Vedanta to close its unit within 3 days!



BHUBANESWAR: The Company would close the plant temporarily within three days as they don’t have any stock of bauxite to run the plant. Within last eight days, the production rate has been decreased to 30-35 per cent, the sources said.

The Vedanta Company on Wednesday, in a letter to the authorities of the WESCO Company, requested for supplying of 8-10 mega watt electricity to the company at Lanjigarh aluminum plant as its captive power plant will be closed temporarily for few days on the sidelines of the closing of its aluminum refinery due to shortage of bauxite.

The production capacity of the plant of the Vedanta Group is one million tonne per year.
To continue the production, 10,000 tonne bauxite is needed. As the company got problem to find the bauxite for the plant, it reported to the Labour Department of the State Government about the problem on September 6 and informed that the company would close the plant temporarily from December 5.

The company would bring 90,000 tonne bauxite from the Gujarat Mineral Development Corporation to run the plant, but that raw material would probably reach here in the plant in October last week, so that they would close the plant for some days till the bauxite is coming, company sources said.
   

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