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Nalco tightens belt as aluminium prices fall

Nalco, key producer of aluminium has announced cost-cutting measures to survive this lean phase. Globally, under recessionary trends and low demand, price of aluminium has been falling and Nalco has also announced cuts in the last three months. As sustenance measures, Nalco is implementing austerity measures like moving out of imported coal, cutting avoidable administrative expenses , entertainment expenses etc., However, Nalco so far has not announced any production cuts

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