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National Aluminium Company Limited shares fall over 11% on output cut

Tuesday, Sep 13, 2011
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  Shares in India's state-run National Aluminium Co Ltd (NALCO) fell over 11 per cent in early trades after a senior company official said on Saturday that the company had to cut it's daily aluminium output  by about 6 per cent due to insufficient power supply.

  The production may decline slightly by around 2,100-2,400 tonnes for a month, A.K. Sharma , director (Production) said. At 9.41 a.m., shares were at 62.55 rupees, down 4.65 per cent in a weak Mumbai market, which was 1.8 per cent lower.

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