National Aluminium Company (NALCO) has signed MoU with the Ministry of Mines, Government of India, setting highest ever target of Rs 9,350 crore revenue from operations for FY 2018-19 which is 15% higher than last year.
The MoU has also set a target of 2.1 million tons for production of Alumina with 100% capacity utilisation & an optimum Aluminium production target of 4.15 lakh tonnes. It sets a target of reduction in net carbon consumption as part of improvement in production efficiency, apart from giving thrust to commercialization of new R&D products. The company has set a challenging capital expenditure target of Rs 1,100 crore for the year 2018-19.
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.
