Lanjigarh, 26 August: Chief Operating Officer of Vedanta’s Mr K. K. Dave today addressed a massive gathering of employees and representatives of local communities and explained them this issue.Absence of bauxite linkage from Odisha had led to economic unviability of Lanjigarh refinery operations.
As per sources, in an emotionally charged atmosphere, Mr. Dave mentioned, “We ran this unit with all commitment for nearly a decade, despite heavy odds. But with the current market turmoil, which is not likely to improve soon and in absence of access to bauxite from within the State, the plant is operating with a daily loss of Rs.3 crores. Hence, we are forced to initiate the process of gradual closure.”
He said the CSR initiatives of the company like mid-day meal in 187 schools and Vedanta Lanjigarh Hospital which provides free medical treatment would be affected.
The closure of Lanjigarh refinery would also impact the company’s Jharsuguda operations.