India’s Third-largest Producer, Increased its Alumina Capacity

National Aluminium Co., India’s third-largest producer, increased its alumina capacity 33 percent to boost exports and tap global demand for the raw material used to make the lightweight metal.

Production Director A.K. Sharma said today in a telephone interview, Capacity at the Damanjodi refinery in the eastern state of Orissa was expanded to 2.1 million metric tons from 1.58 million tons.

Japan, Asia’s largest aluminum importer, is placing more orders as the nation rebuilds from its worst earthquake and tsunami. Alumina prices have risen 20 percent from start of this year until May 27, according to Metal Bulletin. National Aluminium shares fell 1 percent to 78.15 rupees at the close of trading in Mumbai. The stock has declined 20 percent this year, compared with a 10 percent drop in the benchmark Sensitive Index.

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