South32 said road blockages were restricting transport of raw materials to the facility, leading to operational impact. A recent disputed election result in Mozambique has triggered protests in the country, leading to escalating violence.
The investment, the largest ever into Odisha, will be directed towards establishing a 6 million tons per annum alumina refinery and a 3 million tons aluminium plant, Vedanta said
Going ahead, the company may feel pressure on margins, given the higher coal cost
Investors need to watch out for supply-side issues in China, which will correct prices
Nalco, with an integrated set-up, lowest cost curve in terms of alumina production and captive power supply is likely to remain competitive
The SC order allows Vedanta to bid for Nalco’s export orders, potentially lowering its alumina procurement cost
Norsk Hydro's Alunorte alumina refinery is finally allowed to function at full capacity. What this could mean for Indian aluminium companies
China's General Administration of Customs said in a statement posted on its website on Thursday that it was making available to the public monthly data on the import and export of commodities, including the country of origin for imports and destination for exports.
The aluminium major has registered an all-time high production of 63.40 lakh tonnes of bauxite in 2015-16 fiscal which is 10.47 percent higher, and 19.53 lakh tonnes of alumina, 5.51 percent higher than the corresponding period previous fiscal, NALCO said in a BSE filing.
According to Ansuman Das, the strong performance of NALCO in Q2 is sustainable in the second half of FY14 as the company holds a good stock of coal and the supply of coal is likely to improve further in Q3.
National Aluminium Company plans to raise its alumina exports by 40 percent to 1.4 million tonnes this fiscal year, helping the country increase its dollar inflow amid a plunge in the rupee.
NALCO managed to cut power cost by 15% in Q4FY13 and this boosted margins
Phani Sekhar of Angel Broking joins CNBC-TV18 to answer investor quesries on the stocks they hold. Check out what his recommendations on Hindalco, SBI and L&T are….