Vedanta Eyes Faster Full Restart of Jharsuguda-II Aluminum Plant
August 30 2016 - 3:14AM
Dow Jones News
By Alex MacDonald
LONDON--Vedanta Resources PLC (VED.LN) said Tuesday it plans to
complete the restart of damaged pots at its Jharsuguda-II Aluminium
smelter in India in September, several months earlier than
expected, and said its overall aluminum production target remains
unchanged.
The U.K.-listed, India-focused miner said 168 pots were shut at
its 1.25 million ton-a-year Jharsuguda-II aluminium smelter in
August due to a power failure.
The company has been repairing the pots and has so far restarted
65 of them to date. It expects to complete the ramp-up of a batch
of pots on the smelter's second line in the next three to six
months and then plans to commission the third line of pots at the
smelter in September, ahead of its previous schedule of the
financial fourth quarter ending March 31, 2017.
The company also said its 325,000 ton-a-year BALCO-II smelter
was successfully commissioned with all 336 pots operational in
August.
The firm also started producing power from a new 660-megawatt
unit at its Talwandi Sabo Power Plant in India's Punjab on Aug.
24.
Vedanta is producing aluminum at a current run-rate of around 1
million tons a year and reaffirmed its plan to produce 1.2 million
tons of aluminum this financial year.
Write to Alex MacDonald at alex.macdonald@wsj.com
(END) Dow Jones Newswires
August 30, 2016 02:59 ET (06:59 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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