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14 May 2018
 |
| NALCO
(The Total Investment & Insurance Solutions) |
State-owned National Aluminium Company Limited (NALCO) today said it
has set a 15 per cent higher target of Rs 9,350 crore revenues from operations
in the current fiscal. .The Total
Investment & Insurance Solutions
The CPSE has inked an MoU with the Ministry of Mines in this regard, which also includes a
capex plan of Rs 1,100 crore for the current fiscal.
"Aluminium major and Navratna CPSE NALCO has signed MoU (memorandum of understanding) with
the Ministry of Mines, setting highest ever target of Rs 9,350 crore revenue
from operations for FY2018-19 which is 15 per cent higher than last year," NALCO said in a statement.
Under the MoU, the company has also set a
capex target of Rs 1,100 crore for the year 2018-19, it said. .The Total Investment & Insurance
Solutions
"The MoU has also set a target of 2.1
million tonnes for production of Alumina with 100 per cent capacity utilisation
and an optimum Aluminium production target of 4.15 lakh tonnes. .The Total Investment & Insurance
Solutions
"It also sets a target of reduction in
net carbon consumption as part of improvement in production efficiency, apart
from giving thrust to commercialisation of new R&D products," the
company said.
The MoU was signed by Anil Gopishankar Mukim,
Secretary, Ministry of Mines and NALCO CMD Tapan Kumar Chand in New Delhi today.The
Total Investment & Insurance Solutions
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