Mumbai: State run National Aluminium Company Ltd (NALCO) inked a memorandum of understanding (MoU) with the Ministry of Mines for outlining its production and financial targets for the current fiscal. As per the agreement signed, NALCO’s sales target has been fixed at Rs7,757 crore, which is 10% higher than that of the current fiscal.
Whereas, the physical performance target concerning the annual production to be achieved is set at 64.50 lakh tonnes of bauxite, 21.5 lakh tonnes of alumina, 4.05 lakh tonnes of aluminium and power generation of 6341 million units.
Moreover, the company has outlined numerous projects to be executed in the current fiscal, involving the alumina refinery in Gujarat, addition of a new stream of 10 lakh tonnes in the existing alumina refinery based on Pottangi bauxite deposit, third wind project at Damanjodi and solar project at any suitable location in the country. The company has also outlined targets for its on-going Utkal-E coal mine project at Angul.
EPC World News Bureau
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