High Court allows Vedanta to take part in Nalco's alumina sale tender

Vedanta is expected to save 20 dollars per tonne of alumina procured from Nalco

The Odisha High Court on Tuesday allowed Vedanta’s Jharsuguda unit to participate in the tender floated by public sector National Aluminium Company (Nalco) for sale of surplus alumina.

The verdict has raised the hopes of the raw material starved aluminium unit to procure a sizeable part of its requirement for its 1.25-million tonne aluminium plant having special economic zone (SEZ) status from within Odisha, thereby improving the plant’s capacity utilisation and bringing down the cost of production. Procurement of alumina from Nalco is expected to result in a saving of $20 per tonne towards the logistics cost.

Vedanta moved court after being