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Business Standard COMPANIES #0ROP Search News COMPANIES » NEWS » NEWS: Vedanta's Odisha plant to ramp up aluminium output ‘At Jharsuguda, Vedanta had installed two smetters at an investment of Rs 25,000 core Dilip Satapathy | Bhubaneswar September 5, 2016 Last Updated at 22:50 IST 44 19 2 Ms oO ‘Max Life Term Insurance 1 CrLife Cover @5840- No Med, Test Reg. & Get Accident Cover. Buy Now! ‘wor maxifeinsurance.com/Term_Plan > A Ina move that could be seen as a paradox to Vedanta's move to shut down its Lanjgarh alumina refinery in the backdrop fallin global aluminium prices and lack of bauxite linkage, the company has initiated the process of stepping Up aluminium production at its Jnarsuguda smelter in Odisha. ‘The company, over the next six months, plans to ramp up aluminium production at the Jharsuguda facility from 0.5 VEDANTA LTD million tonnes (mt) to 0.8 mt per annum LE STOOK PRICE -C.1CK HERE FOR MORE “We had decided to shut down the alumina refinery, as present operational costs sans bauxite linkage are Unviable. But in case of aluminium, there was a positive cash flow til last month. Though the metal prices have BSE NSE dipped further, we can stil produce aluminium at Jharsuguda at a cost which is about same as the selling FA we price,” said Abhijit Pat, CEO (aluminium), Vedanta Lid ‘At Jharsuguda, Vedanta had installed two smetters at an investment of Rs 25,000 core with combined annual BSE 93.30 4.75 (-4.84%) NSE 93.25 -5.00 (-5.09%) . . capacity of 1.75 mt, representing the largest single location aluminium facility in the world, ALSO READ Odisha govt says no bauxite available to feed Vedanta White it is currently operating one smelter of 0.5 mt per ‘annum capacity, the second unit of 1.25 mt per annum, refinery Which had special economic zone status, was lying ide for Vedanta crisis: Oaishato nudge e148 Wo years du to dispute withthe state government Naleo, Hindalco for interim over access to power for the unit bauxite supplies Question mark hangs over The company was asked to draw power for the unit from ‘Vedanta's Odisha project its own power plant (a 2,400 Mw station having Vedantaland losers urgeCMto independent power producer status located in the same arrange bauxite for refinery complex) by paying cross subsidy charges that Aas © substantially pushed up the power rate, which accounts for ‘Top SIP Investment plans nearly 50 per cent of the aluminium production cost. Compare & invest in best Funds. 0 paper work. Start today. www myuniverse.co.in/ZpSiP Recently, the Odisha Electricity Regulatory Commission Submit Resume Now (QERC), in an interim relief, has waived off the cross Immediate Requirement, Sign up i , 's decisk y teapot & Find Jobe subsidy charges, spurring the company's decision to re vwww.monsteringia.com Up the idle second smelter. ‘Already, 70 aluminium making pots of one production line of the smelter have been made operational through drawal of surplus power from the captive power plant (CPP) of the first smelter. Now with the OERC’s interim relief, we plan to fully operationalise one of the four production lines of the smelter which will enhance our aluminium production capacity at Jnarsuguda from 0.5 mtpa to 0.8 mtpa over next six months, Pati said “in the process, we can reduce fixed cost burden of the idle smelter and accrue depreciation benefits,” he added. With the Lanjigarh alumina refinery of the company, which is running at reduced capacity due to importing alumina from South Africa and Australia to convert it to aluminium: The cost of production of aluminium at Jharsuguda works out to $1,700 per tonne, which is the same as LME (London Metal Exchange) price of $1,600 per tonne plus $100 premium it fetches. ‘The imported alumina is costing us $360 per tonne, including port handling and freight charges ‘With cost optimisation at Lanjigarh and Jnarsuguda and slight improvement in LME metal prices over next one year, the smelter operation can be viable, Pati said. INCREASE IN PRODUCTION * Vedanta plans to ramp up aluminium production at the Jharsuguda facility from 0.5 mt to 0.8 mt per annum * Vedanta had installed two smetters at an investment of Rs 25,000 core at Jharsuguda but the second one was lying idle due to dispute with state government + The Odisha Electricity Regulatory Commission has waived off the cross subsidy charges, spurring the company's decision to rev up the second smelter PREVIOUS STORY | sToRY Competition norms Call drops: TRAI to float compliance can prevent bad paper on quality of service by days for firms: CCI cellular operators RECOMMENDED FOR YOU o At least 60% Freight rate A of mineral cut could ki foundation to boost iron ore fe be used for exports: m social. 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