|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
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|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
RSB Metaltech Ltd, part of the Odisha based RSB Group, has sought long-term bauxite supply for its 0.70 million tonne per annum alumina refinery proposed at Rayagada.
“Considering the mega investment and the corresponding socio-economic development for the state arrangement of sourcing of bauxite for shorter horizons will not be prudent,” the company said. RSB’s alumina refinery and its smelter at Dhenkanal envisages an investment of Rs 6,800 crore. As a buyer of bauxite, RSB Metaltech wants to be associated right from the exploration of the mine and also during formulation of the mine plan, so that the assured quality of bauxite is delivered over the life of the alumina plant. It has also called for offering of bauxite at a cost comparable to that of its competitors. “We request the committee of ministers to formulate the policy in a manner that new players like us be given a level playing field with the existing/upcoming alumina refineries in the state, who have captive bauxite mines available with them,” the company stated.
Stating that OMC is an important link in the supply chain of raw materials to state based industries, the company said, “Timely action by OMC is crucial in implementing the policy (for raw material supplies). Development of a greenfield mine under the present frame of rules and regulations will take at least 3-4 years. Accordingly, OMC should expedite prospecting licence (PL) /mining lease (ML) of the mines to ensure supply of ore to our alumina refinery in time.”