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Nalco aims for $4618 million turnover by 2020
Edited by : AL CIRCLE
1 min read
State-owned aluminium producer Nalco aims over three-fold increase in its turnover to $4618 million by 2020.
The Bhubneswar-based company in an MoU with the ministry of mines for 2013-14 said its gross sales is projected to go up to $1345 million in 2012-13 from $1280 million achieved a year earlier.
According to the MoU, Nalco hopes to clock $1433 million gross sales in the current fiscal. The company is yet to announce its financial results for FY2012-13.
Nalco has set a target for production of aluminium and alumina at 1.7 million tonnes and four MT, respectively by 2020.
One of the objectives of the company is also to transform itself from being only an “aluminium producer” to a metal producer and energy provider.
It also plans to venture into two new fields of activity beyond aluminium by 2016 and enter into joint venture pacts with domestic and foreign clients to develop long-term relations.
The Bhubneswar-based company in an MoU with the ministry of mines for 2013-14 said its gross sales is projected to go up to $1345 million in 2012-13 from $1280 million achieved a year earlier.
According to the MoU, Nalco hopes to clock $1433 million gross sales in the current fiscal. The company is yet to announce its financial results for FY2012-13.
Nalco has set a target for production of aluminium and alumina at 1.7 million tonnes and four MT, respectively by 2020.
One of the objectives of the company is also to transform itself from being only an “aluminium producer” to a metal producer and energy provider.
It also plans to venture into two new fields of activity beyond aluminium by 2016 and enter into joint venture pacts with domestic and foreign clients to develop long-term relations.
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