Sterlite Industries announces Full Commissioning of 245,000tpa BALCO's Korba Aluminium Smelter & Increase of Tuticorin Copper Smelter Capacity to 400,000 tpa

Sterlite Industries India Ltd has announced that full commissioning of its new 245,000 tpa aluminium smelter consisting of 288 pots has been completed successfully. The performance of all pots has been improving steadily and full capacity of 245,000 tpa is expected to be reached by the end of this financial year. All four units of the 540 MW power plant continue to operate well. This expansion takes the total aluminium capacity of BALCO at 345,000 tpa with full energy-integration.

Furthermore, the de-bottlenecking of the Tuticorin copper smelter to expand its capacity to 400,000 tpa, is now complete and the smelter is now fully operational. This increase in capacity by 100,000 tpa has been achieved ahead of schedule.

The smelting and refining costs at Tuticorin are one of the lowest worldwide and were at a level of US cents 5.2 per pound for the six months ended on September 30, 2006. The above expansion will further help in reducing the costs of production.

Source : Equity Bulls

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