indian aluminium plants are grappling with critically low levels of coal stock with no recourse or alternative means to meet their power needs and keep the plants operationalnew delhi coal india should immediately resume continuous coal supply to the aluminium industry to prevent closure industry bodies demandedaluminium association of india said aluminium industry has not received any relief with respect to the ongoing coal supply crisis in the spirit of atmanirbhar bharat and commitments of domestic coal availability the aluminium industry has planned their operation any import coal arrival will take 90120 days of cycle period from purchase to consumption therefore sudden decision by ministry of coal coal india to stop the domestic coal supply to the aluminium industry has resulted in complete chaos advt indian aluminium plants are grappling with critically low levels of coal stock with no recourse or alternative means to meet their power needs and keep the plants operational if coal supply is not restored immediately it would lead to irrevocable collateral damage of these national assets any power outage in aluminium plant will lead to catastrophic impact and complete shutdown which will take minimum 12 months of recovery resulting in job loss of more than 8 lakh people banks will have debt exposure of over rs 1 lakh crore and additional national forex loss of rs 90000 crore 12 billion aluminium industry with total investments of rs 14 lakh crore 20 billion have a capacity of 41 mtpa 2nd largest in the world which creates livelihood for over 8 lakh people and 4000 smes aluminium production is a 247 365 days continuous process industry there is no provision to switch off and switch on it is highly power intensive industry just to illustrate 1 ton of aluminium requires 14500 units of continuous power which is 15 times in comparison to steel 1000 units per ton and 145 times as that for cement 100 units per ton to meet stringent and continuous power demand aluminium industry has set up their inhouse captive power plant cpps of 9400 mw 94 gw ie 34 per cent of thermal cpp capacity of the country with an investment of rs 50000 crore advt nickel hits 2week highs as china power squeeze fuels supply worriesthreemonth nickel on the london metal exchange rose as much as 12 to 19445 a tonne its highest since sept 24 while the mosttraded november nickel contract on the shanghai futures exchange jumped to 146860 yuan 2281320 a tonne a level unseen since sept 24see more details ians published on oct 16 2021 at 1049 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of