Vedanta’s Alumina Refinery Shuts Down In Odisha


Unable to secure bauxite despite concerted efforts, the Vedanta group said it has shut down its alumina refinery at Lanjigarh in Odisha’s Kalahandi district
Vedanta's Alumina Refinery Shuts Down In Odisha

Picture by Reuters

Unable to secure bauxite despite concerted efforts, the Vedanta group on 5 December’ 2012 said it has shut down its one million tonne alumina refinery at Lanjigarh in Odisha’s Kalahandi district.
“We are forced to close down the Lanjigarh refinery due to depletion of stock of bauxite. Despite efforts over the past three months, we were unable to ensure sustainable supplies,” CEO of Vedanta Aluminium Mukesh Kumar told PTI over phone.
“For the last few days, we ran the unit at around 20 per cent of capacity incurring heavy loss,” Kumar said.
The bauxite stock was ‘almost zero’, a senior Vedanta official said.
The mining conglomerate, which runs the refinery of Vedanta Aluminium Ltd (VAL), had given a closure notice to the Odisha government on September 5 on shutting operations from December 5, citing severe shortage of bauxite as the main reason.
Stating that 10,000-11,000 tonne of bauxite was required per day for normal functioning of the refinery, Kumar said the company explored several sources outside Odisha, but failed to secure more than 3,000 tonne daily.
Though the company’s top management met Odisha Chief Minister Naveen Patnaik and chief secretary several times for bauxite for the refinery, no solution could be found, he said.
Voicing doubt over immediate revival of the plant, another company official said that the 75 mw captive power plant set up in Lanjigarh would also have to be shut down in view of the uncertain scenario.
A company official had said earlier that the shutdown of the refinery was likely to affect about 3,000 workforce directly and around 4,500 indirectly, although “we are not contemplating any retrenchment at the moment”.
The company has invested about Rs 50,000 crore in the refinery along with an aluminium smelter of 1.5 mtpa and a captive power plant in Jharsuguda.

(PTI)

 

9 Comments (+add yours?)

  1. Trackback: UK- acknowledges unethical practices of Indian-owned Vedanta Resources « kracktivist
  2. Trackback: Tribals protest against #Vedanta refinery, demand complete eviction of plant « kracktivist
  3. Trackback: #Vedanta ropes in IBM to enable strong business growth « kracktivist
  4. Trackback: London listed mining company #Vedanta caught before the Mountain of Law « kracktivist
  5. Trackback: Bombay High Court asks #Vedanta Aluminium to deposit a security amount of Rs 187 crore « kracktivist
  6. Trackback: Moody Investors outlook for #Vedanta negative #Fakinghappiness « kracktivist
  7. Trackback: #India- Companies like #Vedanta are brazenly taking over #Governance « kracktivist
  8. Trackback: #Vedanta vs the government: Just a lovers’ tiff? #tribalrights « kracktivist
  9. Trackback: Alarm bells ring for Vedanta #goodnews for Tribals « kracktivist

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Archives

Kractivism-Gonaimate Videos

Protest to Arrest

Faking Democracy- Free Irom Sharmila Now

Faking Democracy- Repression Anti- Nuke activists

JAPA- MUSICAL ACTIVISM

Kamayaninumerouno – Youtube Channel

UID-UNIQUE ?

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 6,234 other followers

Top Rated

Blog Stats

  • 1,760,147 hits

Archives

December 2012
M T W T F S S
« Nov   Jan »
 12
3456789
10111213141516
17181920212223
24252627282930
31  
%d bloggers like this: