Today' Focus

        Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had  attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...

International News

    Vedanta gains Supreme Court’s nod to bid for Nalco’s alumina tenders

  • China Aluminium Network
  • Post Time: 2021/5/14
  • Click Amount: 505

    The Odisha High court decision that allowed Vedanta to take part in the tenders for the sale of its surplus alumina was challenged by Nalco.

    During the time, the lower court had welcomed Vedanta’s argument that it was competent to take part in the tenders as it operated from an export-oriented zone.

    Vedanta Ltd. was allowed by the Supreme Court of India to bid for alumina sale tenders by state-run National Aluminium Company, delivering some relief to Anil Agarwal’s aluminium unit that is seeking to boost supplies of the raw material.

    Vedanta’s foreign units can bid for Nalco’s alumina tenders meant for exports and if Vedanta’s bid is affluent, the company can use the raw material at its Jharsuguda plant in the eastern state of Odisha after picking it up from Visakhapatnam port as communicated by a panel of three judges of Supreme Court.

    Alumina is of increasing value to the company as it embarks on a plan to raise aluminium smelter production capability by 30% to 3 million tons in the next couple of years.

    Source: www.alcircle.com
      Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ③If any articles copied by our website concern the copyright and other problems, please contact us within one week.