National Aluminium Company (Nalco) has inked MoU with the Ministry of Mines for a sales target of Rs 7,757 crore for 2013-14, which is 10% higher than the target for the current fiscal. On the production front, Nalco has set an annual production target of 64.50 lakh tonnes (lt) of bauxite, 21.5 lt of alumina, 4.05 lt of aluminium and power generation of 6,341 million units.
Among new products, the company has proposed a a new alumina refinery in Gujarat, while adding a new stream of 10 lakh tonnes in the existing alumina refinery based on Pattangi bauxite deposit. Besides, the company's third wind power project is coming up at Damanjodi. In addition to this, NALCO has also set targets for on-going Utkal-E coal mine project at Angul and upgradation of the fourth stream of alumina refinery at Damanjodi.
