NALCO inks MoU with Ministry for Higher Production & Financial Targets

02/04/2015

Bhubaneswar: 02/04/2015: National Aluminium Company Limited (NALCO) has signed an MoU with the Ministry of Mines, Govt. of India regarding financial and non-financial targets for the FY 2015-16. The MoU was signed between Dr. Anup K Pujari, IAS, Secretary, Ministry of Mines and Shri Ansuman Das, CMD, NALCO, in the presence of Shri R. Sridharan, IAS, Additional Secretary and other senior officials of Ministry & NALCO in New Delhi on 31st March 2015. As per the MoU, the net operating sales turnover target has been fixed at Rs.8,488 crore. As regards physical performance, NALCO has set an annual production target of 68.25 lakh tonnes of bauxite, 21.80 lakh tonnes of alumina, 3.80 lakh tonnes of aluminium and net power generation of 6009 million units.

Regarding new initiatives, the proposed major milestones would be establishing solar power project of about 15 MW and exploring an overseas smelter plant based on cheap power. Further, NALCO has given emphasis on reduction in electrical energy consumption for its Refinery and Smelter plant and accordingly targets have been set.

The company has set target for adopting ISO 27001 Certification for IT Infrastructure. As part of its Corporate Social Responsibility activity, NALCO has committed for construction of toilets in school of peripheral villages of Angul and Damanjodi sector under “Swachh Vidyalaya Abhiyan”.