BHUBANESWAR, India, Jan 16 (Reuters) - Non-ferrous metals
producer Hindalco Industries plans to start its 1.5
million tonnes per annum (mtpa) alumina refinery in Odisha by
the end of March 2013, a company official said on Wednesday.
The plant, in Odisha's Rayagada district, was scheduled to
start operations in January, but has been delayed due to slow
progress of project work.
"We hope to commission the plant by end of March," S.K
Mishra, a senior advisor at Utkal Alumina International Ltd
(UAIL), a wholly-owned unit of Hindalco, told Reuters.
Hindalco's bauxite mining in the state, which was scheduled
to start in October 2012, has also been delayed and may start by
the end of this month, Mishra said.
The company initially aims to mine 4.3 to 4.4 mtpa of
bauxite for the refinery, though it has permission to mine 8.5
Hindalco, part of the Aditya Birla Group, is in the midst of
trebling aluminium capacity to 1.9 million tonnes by 2013 at a
cost of about $5 billion. Its U.S.-based subsidiary Novelis is
the world's largest producer of rolled aluminium products.
On Wednesday, Hindalco shares closed 4.4 percent lower at
123.40 rupees in a Mumbai market that fell nearly one
(Reporting by Jatindra Dash; Editing by Jijo Jacob)