Business Review
Operations Review
Operations Review Aluminium











Aluminium graph

The performance of our Aluminium business in FY 2010 is set out in the table below.

(in US$ million, except as stated) FY 2010 FY 2009 % change 
Production (kt)      
Alumina – Lanjigarh 762 586 30.0 
Alumina – Korba I and Mettur1 43 241 – 
Total alumina 805 827  
Aluminium – Jharsuguda2 264 82 222.0 
Aluminium – Korba II 250 251 – 
Aluminium – Korba I and Mettur1 19 129 – 
Total aluminium 533 462 15.4 
Average LME cash settlement prices (US$ per tonne) 1,868 2,234 (16.4)
Unit costs      
Jharsuguda (production cost)3(US$ per tonne) 1,645 – – 
Jharsuguda (smelting cost4)3 (US$ per tonne) 925 – – 
BALCO Plant 2 (production cost) (US$ per tonne) 1,534 1,623 (5.5)
BALCO Plant 2 (smelting cost4) (US$ per tonne) 862 859 – 
Revenue5 914.2 937.1 (2.4)
EBITDA 154.9 177.4 (12.7)
EBITDA margin 16.9% 19.6% – 
Operating profit 50.3 113.2 (55.6)
1 Plants no longer operational.
2 Include aluminium production of 174 kt under trial run in FY 2010.
3 Cost of production for 250 ktpa smelter post commencement of commercial production in December 2009.
4 Smelting cost comprises production cost excluding alumina cost.
5 FY 2009 revenue includes US$30.5 million for sale of surplus power. EBITDA and EBITDA margin is on revenue excluding surplus power.