Nalco may shut plants due to strike

Nalco may shut plants due to strike
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First Published: Thu, Jun 19 2008. 10 23 PM IST
Updated: Thu, Jun 19 2008. 10 23 PM IST
Mumbai: India’s biggest alumina producer,National Aluminium Co., or Nalco, may shut plants as a strike by coal truckers has led to a “very serious shortage” of fuel for its power station, an executive said. The company has cut output from its 960MW power plant after supplies from Coal India Ltd. were curtailed in the past three days, chairman C.R. Pradhan said on Thursday. The company needs 14,000 tonnes of coal daily to run its aluminum smelter and alumina refinery at full capacity, he said.
Striking truck drivers at a unit of Coal India have halted shipment of the fuel from Talcher to Angul district, where Nalco’s power plant is based.
Nalco produces 345,000 tonnes of aluminum and 1.6 million tonnes of alumina annually.
National Aluminum fell 2.4% to Rs456, its lowest close since 12 May, in Mumbai trading. Last year, the state-owned Coal India, also cut supplies to Nalco in August.
Bloomberg
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First Published: Thu, Jun 19 2008. 10 23 PM IST