PSU NEWS
Nalco to raise production capacity to 73L tonnes from 68L tonnes
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.
Read Also : WAPCOS CMD conferred with PSU Samarpan Award
News Must Read
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer