18 JUNE 2015www.moneycontrol.com
Nalco expects its alumina output to rise by 1 million tonne in next 4.5 years
Edited by : AL CIRCLE
1 min read
Nalco expects its alumina output to rise by 1 million tonne in next 4.5 years, of which 21.8 lakh tonne can be obtained in FY16, NR Mohanty, CMD, Nalco told CNBC-TV18.
Nalco made a record profit of Rs 1322 crore last year but now the market is crashing due to Chinese dump entering the aluminum market, he said.
The company expects the 3 million tonne Pottangi bauxite mine to be alloted by FY17. There are talks of state government introducing new Corporate Social Responsibility (CSR) policy for the mines located in this region, he said. As of now, the company contributes 2 percent of its profits as CSR for District Mineral Fund (DMF).
Meanwhile, the un-auctioned Utkal-D and Utkal-E coal blocks are likely to be re-allocated to Nalco soon.
Nalco made a record profit of Rs 1322 crore last year but now the market is crashing due to Chinese dump entering the aluminum market, he said.
The company expects the 3 million tonne Pottangi bauxite mine to be alloted by FY17. There are talks of state government introducing new Corporate Social Responsibility (CSR) policy for the mines located in this region, he said. As of now, the company contributes 2 percent of its profits as CSR for District Mineral Fund (DMF).
Meanwhile, the un-auctioned Utkal-D and Utkal-E coal blocks are likely to be re-allocated to Nalco soon.
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