Active Stocks
Tue Mar 19 2024 09:41:05
  1. Tata Consultancy Services share price
  2. 4,046.00 -2.38%
  1. Tata Steel share price
  2. 151.30 1.14%
  1. HDFC Bank share price
  2. 1,444.20 -0.14%
  1. NTPC share price
  2. 313.00 -1.31%
  1. Power Grid Corporation Of India share price
  2. 263.50 -0.57%
Business News/ Companies / Vedanta calls for India to restrict bauxite exports
BackBack

Vedanta calls for India to restrict bauxite exports

Vedanta calls for India to restrict bauxite exports

Premium


Bhubaneswar: Vedanta Aluminium has called on the Indian government to restrict bauxite exports and allow more mines to ensure that the country’s domestic industry, including Vedanta’s own alumina refinery, has sufficient supplies.

India, the world’s fifth-biggest bauxite producer, has been limiting the issuance of bauxite leases mainly due to local protests over land acquisition.Odisha has the largest reserve of the resource.

“At this crucial junction, allowing bauxite exports at the cost of domestic industry by some of the state governments, when the domestic aluminium industry is suffering for want of bauxite, cannot be justified in the national interest," Vedanta Aluminium, part of London-listed Vedanta Resources, said in a letter to the ministry of mines.

The federal government should also make efforts to open new bauxite mines in Odisha and Andhra Pradesh, which account for 2.5 billion tonnes of reserves, the company said.

feedback@livemint.com

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 03 Sep 2012, 10:02 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie