Nalco to raise production capacity to 73L tonnes from 68L tonnes

by Psu Connect
Date: 09-01-17

BHUBANESHWAR. After a record 18 per cent growth in bauxite mining, aluminium major Nalco plans to raise its production capacity to over 73 lakh tonnes this fiscal from about 68 lakh tonnes.

“During 2016-17 Nalco will surpass its production capacity of 68.25 lakh tonnes and will achieve 73.25 lakh tonnes production,” Nalco CMD Tapan Kumar Chand said at the 37th foundation day celebrations of the company here last night.

Highlighting the new business model of the company, Chand said, “In 2016 Nalco had posted strong growth of 18 per cent in Bauxite mining, the highest since inception and a record in the mining industry.”

“In stock market, Nalco share price has registered an increase of 68 per cent from Rs 40.20 in the beginning of the year 2016 to Rs 67.60 as on date,” he said. The Nalco CMD also emphasised that the company, along with its efforts to achieve excellence in business, is focusing on the welfare of its stakeholders.

Nalco to raise production capacity to 73L tonnes from 68L tonnes

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