National Aluminium Company (NALCO) has inked MoU with Union Ministry of Mines regarding financial and non-financial targets for 2014-15.The MoU was signed between Secretary, Ministry of Mines and CMD, NALCO, in New Delhi.
According to MoU, the net sales turnover target has been fixed at Rs 6,925 crore. As regards physical performance, company has an annual production target of 68.25 lakh tonnes of bauxite, 21.65 lakh tonnes of alumina, 3.15 lakh tonnes of aluminium and power generation of 5001 million units.
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.
