28 MARCH 2013The Economic Times
Nalco targets 10% higher sales turnover in financial year 2014
Edited by : AL CIRCLE
2 min read
National Aluminium Company Limited has signed an MoU with the Ministry of Mines, on production and financial targets for the 2013-14 financial year.
As per the MoU signed today in New Delhi, the company's sales turnover target has been fixed at $1.43 billion, which is about 10% higher than that of the current fiscal year.
The Mou was signed between R H Khwaja, secretary, ministry of mines and Ansuman Das, chairman and managing director of Nalco, in presence of Ms Gauri Kumar, special secretary,.
On the production front, Nalco has targeted an annual production target of 64.50 lakh tonnes of bauxite, 21.5 lakh tonnes of alumina, 4.05 lakh tonnes of aluminium and generation of 6341 million units of power.
Among new projects, Nalco is pursuing a new alumina refinery in Gujarat. It is also adding a new stream of 10 lakh tonnes in the existing alumina refinery based on Pattangi bauxite deposit. The company's third wind power project is coming up at Damanjodi.
In addition, 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.
As part of its Corporate Social Responsibility activity, NALCO shall continue to provide free education to 250 tribal children of peripheral villages of Mines and Refinery complex at Damanjodi.
As per the MoU signed today in New Delhi, the company's sales turnover target has been fixed at $1.43 billion, which is about 10% higher than that of the current fiscal year.
The Mou was signed between R H Khwaja, secretary, ministry of mines and Ansuman Das, chairman and managing director of Nalco, in presence of Ms Gauri Kumar, special secretary,.
On the production front, Nalco has targeted an annual production target of 64.50 lakh tonnes of bauxite, 21.5 lakh tonnes of alumina, 4.05 lakh tonnes of aluminium and generation of 6341 million units of power.
Among new projects, Nalco is pursuing a new alumina refinery in Gujarat. It is also adding a new stream of 10 lakh tonnes in the existing alumina refinery based on Pattangi bauxite deposit. The company's third wind power project is coming up at Damanjodi.
In addition, 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.
As part of its Corporate Social Responsibility activity, NALCO shall continue to provide free education to 250 tribal children of peripheral villages of Mines and Refinery complex at Damanjodi.
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