PSU firm prefers to export the product board to take up the matter in its next meeting
After its alumina refinery at Lanjigarh was shut due to lack of bauxite, now operations at Vedanta’s aluminium smelter in Odisha have been hit by shortage of alumina. Time and again, Vedanta Aluminium Limited (VAL) has asked National Aluminium Company Limited ( Nalco), which has surplus alumina, to sell it the commodity at a premium, but in vain. B L Bagra, director (finance) of Nalco, confirmed VAL had offered to pay a premium over Nalco’s export price. However, he added the company’s strategy was to export alumina. Others said Nalco’s move was triggered by the company’s reluctance to encourage competition. Nalco and VAL are competitors; both manufacture and sell aluminium.