Balasore Alloys to raise ferrochrome capacity by 50%.

Balasore Alloys Ltd. (BAL) plans to step up ferrochrome production capacity at its Odisha plant to 150,000 tonne a year from 100,000 tonne a year at present, betting on better global demand for ferroalloys.

The company is sourcing power, a key input for ferrochrome production, from the state grid. It has requested state-run power trader Gridco to enhance power supply to its facility at Balgopalpur in Balasore district through the power distribution firm, Nesco.

'We have plans to raise the capacity to 150,000 tonne a year in 2014-15. Currently we are buying 44 MW power, and have requested for additional 52-55 MW supply to meet the expansion requirement,' said a company source.


BS