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Malco to raise capacity by 14%

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June 24, 2003 20:02 IST

India's fifth-largest aluminium maker Madras Aluminium Company plans to expand the capacity of its smelter by 14 per cent in the current fiscal year to March by removing bottlenecks, a group company official said on Tuesday.

Malco will raise the capacity of its aluminium smelter, located in Tamil Nadu, to 40,000 tonnes a year from 35,000 tonnes, C V Krishnan, chief executive officer (metals) of Sterlite Industries Ltd, said.

Malco is a subsidiary of Sterlite, which makes diversified products ranging from optical fibre to base-metals.

"There are no plans now (to raise the capacity) beyond this," Krishnan said.

Malco had only recently added 5,000 tonnes to its 30,000 tonnes capacity by modernising and improving efficiencies, he said.

The company also owns a 75 MW power plant to provide electricity to the smelter.

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