NALCO Sets record in production and sales in FY24
Achieving 101.15 % capacity utilization, NALCO’s Alumina Refinery has produced 21,24,000 Metric Tonnes of Alumina Hydrate, while the Captive Power Plant has generated a gross 7193.62 million units of power.
![NALCO Sets record in production and sales in FY24](https://www.psuconnect.in/sdsdsd/nalco13.jpg)
National Aluminium Company Ltd. (NALCO), the flagship Navratna CPSE under the Ministry of Mines, Govt. of India, and the country’s leading manufacturer and exporter of alumina and aluminium has created new records in production and sales for the year 2023-24.
The company has achieved the highest-ever Cast Metal production of 4,63,428 Metric Tonnes, highest-ever Bauxite Excavation of 76,00,230 Metric Tonnesand Highest-ever Metal Sale of 4,70,108 Metric Tonnes, surpassing all previous records since inception. In FY 23-24, the company also added a new Aluminium Alloy Ingot (AL-59) to its product range.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYAchieving 101.15 % capacity utilization, NALCO’s Alumina Refinery has produced 21,24,000 Metric Tonnes of Alumina Hydrate, while the Captive Power Plant has generated a gross 7193.62 million units of power.
It is worth mentioning that in FY 23-24, NALCO developed & operationalized its Utkal D coal block and has also produced 2 million tonnes of Coal, which is the peak rated capacity of the mine.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits
Shri Sridhar Patra, CMD, NALCO, said that the company has always striven to do better than the previous set benchmarks. Expressing his gratitude for significant achievements, he congratulated the NALCO collective and the stakeholders. Acknowledging the dedication and hard work of the employees and cooperation received from various stakeholders, he said that many major milestones have been achieved by way of backward integration and securitization of raw materials and energy in the past four years.
Read Also : India assumes the Chair of Asian Disaster Preparedness CentreNews Must Read
- Karnataka Bank Announced record Q1 Net Profit at Rs. 400.33 CR
- NTPC, BHEL shares soar higher amid JV announcement in Budget 2024
- BEL signs tripartite MoU for manufacture of indigenised ammunition
- Goa Shipyard Limited launched first indigenous P1135.6 Frigate
- Chandan Sinha appointed as Non-Executive Part Time Chairman of RBL Bank
- OIL and Dolphin Drilling signs contract for hiring of Blackford Dolphin
- Cmde D.K. Murali, IN (Retd.) Joins as CMD of BECIL
- Samir Chandra Saxena Appointed as Director (Market Operation) of GRID-INDIA
- MOIL CMD bags Title 'CEO of the Year'
- ONGC sign MoU with GSI to advance geothermal exploration in Ladakh