PSU NEWS
Nalco sets higher bauxite alumina output targets for FY17
Bhubaneswar . National Aluminium Company (Nalco) is eyeing higher production of bauxite and alumina in this fiscal to beat margin erosion.
“With concerted efforts, in 2016-17, we shall achieve the target of producing 6.82 million tonne of bauxite, an increase of 7.1 per cent and 2.15 million tonne of alumina, an increase of 9.2 per cent as compared to last fiscal,” Nalco’s chairman and managing director (CMD) T K Chand said in his address to the company’s employees at Damanjodi, the site of its alumina refinery.
Describing 2015-16 as the seminal year, Chand said that there would be a major turnaround in
the business plan of the company to meet the turbulent business environment. Hitherto, Nalco was regulating its production to tide over the crisis, but now, the company is braving it out by augmenting production to beat margin erosion, he added .
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