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Nalco to maintain aluminium, alumina sales in FY09: Sources

Thursday, Nov 13, 2008
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  National Aluminium Company Limited or Nalco will drop its South Africa foray plan due to unavailability of coal, reports CNBC-TV18, quoting sources. However, Nalco FY09 aluminium and alumina sales volumes are expected to be unchanged, the sources added.   According to sources, current financial crisis can impede new project funding, but the company will okay its investment plan for three new projects in four to five months.   While the company local coal is supply comfortable, it has ten days' stock in place, sources added.

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