National Aluminium Company (Nalco) is likely to gain Rs 250 crore if it agrees to sell the intermediate product to its competitor - Vedanta Aluminium (VAL). Nalco has an exportable alumina surplus of nearly one million tonne per annum but not that keen on selling alumina to VAL and prefers to export the surplus alumina. The final decision on the same will be taken shortly by the Nalco board of directors.
The aluminium producer will get a premium of 7-10% over its export price of alumina, from VAL, which was forced to go for temporary shutdown of its Lanjigarh refinery on December 5 last year for bauxite unavailability.
