Pricing Policy the Hurdle

Pricing Policy the Hurdle Hansavivek HINDUSTAN ALUMINIUM CORPORATION (HINDALCO) expects to complete facilities for achieving a production of 1.5 lakh tonnes of aluminium by the first quarter of 1986, by which time it will be self-sufficient in production of alumina too. Foreign collaborations are being entered into to enable the company reduce energy costs by almost 15 per cent. The modernisation of the entire plant will entail considerable expenditure which the company expects to meet from internal generation and long-term credits from financial institutions, either by way of loans or by way of non-convertible debentures. The company's wholly-owned subsidiary, Renusagar Power Company, has plans afoot to set up another power generating set with a capacity of 68 MW, pushing the total capacity to about 240 MW. With the commissioning of the fifth set, Hindalco will be self-sufficient in its power requirements. Meanwhile, the management has planned proper over hauling schedules to maintain these units in a healthy state. On account of continuous operation over the years, these generators need frequent and extensive maintenance.