Madras Aluminium temporarily shuts production

MUMBAI (Reuters) - Madras Aluminium Co Ltd said on Wednesday it will temporarily suspend its entire aluminium production with immediate effect due to a continuous fall in the prices of the white metal. Its alumina refinery will operate only to cater to other industrial requirements, it said in a statement to the Bombay Stock Exchange. The firm's power plant will, however, continue to operate and sell power to third parties.