Hindalco Industries temporarily suspends smelter at Dahej

Hindalco Industries Ltd has announced that, the Company has a Copper manufacturing facility at Dahej, Gujarat comprising three smelting units. To operate these custom smelters, copper concentrate, the basic raw material, needs to be economically sourced from international markets. Of late, due to disruption of production in some copper mines, the availability of concentrate in international markets has become scarce. Due to these circumstances, the treatment and refining charges (TcRc) prevailing in the spot market at this point in time is not remunerative vis-a-vis the conversion cost of one of the three smelters. Keeping in view the business realities and the overall economics, the Company has decided to temporarily suspend operations in the said smelter.

Source : Equity Bulls

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