Aluminium production in Q3 was 130,000 tonnes, an increase of 7% over the corresponding prior quarter despite closure of BALCO-I and MALCO smelters. Production at BALCO-II continues to be above rated capacity. The second 250 kilo tonne pot line is on track for completion by the end of the financial year with 448 pots out of the total 608 pots currently in operation.
The Lanjigarh alumina refinery produced 181,000 tonnes of alumina in Q3, an increase of 10%compared to the corresponding prior quarter. We await the final clearance for bauxite mining in Orissa.
EBITDA from the Aluminium business increased to USD 45.1 million from USD 13.1 million in the corresponding prior quarter primarily due to higher sales volume and LME prices and stable costs.
The first metal tapping from the 1.25 million tonne per annum Jharsuguda II aluminium smelter project is expected in Q1 2011. Progress on the 3 million tonne per annum alumina refinery expansion project and the 0.6 million tonne per annum debottlenecking project at Lanjigarh remains on schedule.
The first metal tapping from the 325 kilo tonne per annum aluminium smelter project at BALCO is expected inQ3 2011. Construction at the associated 1,200 MW captive thermal power plant has resumed and the first unit is expected to commence power generation on schedule in October 2010.
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