Nalco reduces its aluminium output

Severe coal crisis has forced National Aluminium Company (Nalco) to shut down one 120 Mw unit of its captive power plant (CPP) at Angul, reports Business Standard. This has cut down power supply to the company`s smelter at the same location by about 90 Mw resulting in 13.6% reduction in daily aluminium output. Suffering from short supply of coal from the Mahanadi Coalfield (MCL), the company authorities shut down one unit of its 960 Mw CPP. The CPP has a total of eight units. This has reduced supply of power to the company smelter, also at Angul, by about 90 Mw. As a result, the aluminium output has come from an average of 1100 ton per day to about 950 ton. Shares of the company closed up Rs 6.25, or 2.19%, at Rs 291.35. The total volume of shares traded at the BSE was 69,258 (Tuesday). source:www.myiris.com