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NAC May Shut Alumina Refinery

The media had reports that National Aluminium Company Limited may shut down alumina refinery located at Damanjodi in South Orissa.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

National Aluminium Company Limited has vide its letter inter-alia stated, "We would like to clarify that the possibility of shutting down of Alumina Refinery is remote."

"Action has already been initiated to normalize the coal supply with the help of the Ministry of Mines and Ministry of Coal, Government of India. Loss of production at Refinery from 26th onwards is a temporary phenomenon, which will be made good once the coal supply improves." -- www.nseindia.com

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