Hindalco Industries Ltd.

Leading aluminium maker Hindalco Industries said production of the metal this fiscal will be 20,000 tonnes lower. The heavy rains and continuous bad weather, including lightning, have affected the operations of the Hirakud Aluminium Smelter of the company. The unit has an annual production capacity of 1.43 lakh tonnes per annum.

A team of experts have now completed the assessment of the situation and have formulated an action plan for quick revival of operations, as well as certain remedial actions for the future. As per the action plan, the company said the unit will be re-started in a phased manner and the exercise is expected to be completed by end-August, 2010.