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Hindalco dips as state pollution board orders closure of Hirakud plant

SI Reporter/Mumbai 21 Aug 12 | 10:33 AM
 Hindalco Industries Ltd

BSE   26 Apr 17 | 04:01 PM

196.90  5.2 (2.71%)

NSE   26 Apr 17 | 03:59 PM

197.00  5.3 (2.76%)

Hindalco is trading lower by 3% at Rs 111 on reports that the Odisha State Pollution Control Board (OPSCB) has asked the company to shut down the captive power plant (CCP) of smelter plant near Hirakud in western Odisha in the wake of a breach in the company's ash pond that damaged standing crops in the locality.

“The company, which has a brownfield aluminum smelter facility having capacity 1.46 lakh ton per annum and CPP of capacity 367.5 MW, generates about 3000 ton of ash per day from its CPP," the report suggests.

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