Vedanta getting access to Nalco’s alumina is a shot in its arm | Corporate Corridor
The SC order allows Vedanta to bid for Nalco’s export orders, potentially lowering its alumina procurement cost
January 17, 2020 / 10:47 AM IST
Vedanta has got access to one more source of alumina, which should lower its import requirement. That can potentially see its aluminium output increase and lower its alumina cost, adding to revenues and profits.
Earlier this week, the Supreme Court ruled on an appeal filed by National Aluminium Company (Nalco). It had appealed a high court ruling that had asked it to supply alumina to Vedanta’s special export zone aluminium unit in Odisha. The main point of contention was that...