While the aluminium major required at least 17,500 MT of coal everyday, it is getting only 13,000 MT from Bharatpur mines of Mahanadi Coalfields Ltd.
Symbol: ALUMINIUM| Contract: Apr, 2018| Category: Metal
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The industry body also asked the government to eliminate or reduce customs duty on alloy steel and secondary aluminium alloy.
Analysts had been expecting lower energy costs and firm prices to help the company to post better margins and higher revenues in the coming quarters.
The company plans to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current 2 million tonnes and double the capacity of its Jharsuguda aluminium smelter to 2 million tonnes.
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