Captive Power Plants Featured in Three Orissa Aluminum Projects Worth $10.7 Billion, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — The National Aluminum Company (BOM:532234) (Bhubhaneswar, Orissa), RSB MetalTech Private Limited (Pune, Maharashtra), and a joint venture between engineering and construction major Larsen & Toubro (PINKSHEETS:LTOUF) (Mumbai) and Dabol Aluminum Company (Dubai) have received first-level clearance from the government of Orissa for three proposed aluminum projects, totaling about $10.7 billion, in the state. Power consumption is one of the largest cost components in the manufacturing operations of aluminum facilities, driving manufacturers to set up plants in locations with abundant raw material available for power generation. Captive power plants further drive down operating costs.
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SOURCE: Industrial Info Resources