National Aluminium Company to invest Rs 33,000 crore for diversification, expansion

Sep 28 2013, 19:40 IST
Comments 0
Nalco's plan encompasses expansion, both brownfield and greenfield, and diversification into energy and non-ferrous metal sectors among others. Nalco's plan encompasses expansion, both brownfield and greenfield, and diversification into energy and non-ferrous metal sectors among others.
SummaryThe aluminium major is planning to set up a Rs 5,500 crore alumina refinery in Gujarat.

is being set up in Rajasthan with an investment of Rs 283 crore. Another plant has been planned in National Aluminium Company's own mined out area at Panchpatmali in Koraput district of Odisha.

On brownfield projects, the National Aluminium Company CMD said commissioning activities of capacity upgradation of 4th stream of alumina refinery from 5.25 lakh TPA to 7 lakh TPA had commenced and the plant was in the process of stabilisation.

At the same time the company had plans to go for 5th stream refinery based on medium pressure digestion technology, subject to availability of Pottangi bauxite mines, Das said.

The capacity of the stream would be approximately one million tonne per annum and investment would be around Rs 5,000 crore, Das said.

Regarding National Aluminium Company's performance, the CMD said the company had posted a higher net sales turnover of Rs 6,809 crore in 2012-13 which was 4.75 per cent over Rs 6,500 crore achieved in the previous fiscal. The rise in sales turnover was mostly attributed to higher production and sale of alumina.

However, the net profit of the company was at Rs 593 crore during the year as compared to Rs.850 crore in previous fiscal, primarily due to high input costs, Das said.

The company achieved in last fiscal the highest-ever performance in Bauxite transportation of 54.19 lakh MT, against previous best of 50.03 lakh MT in 2011-12, he said.

At the same time, National Aluminium Company's Alumina Refinery had produced 18.02 lakh tonnes of alumina hydrate, which was an all-time high, against the previous best of 16.87 lakh tonnes achieved in 2011-12, Das said.

The Aluminium Smelter Plant at Angul achieved cast metal production of 4.03 lakh MT against 4.13 lakh MT achieved in 2011-12, he added.

National Aluminium Company has also set up a Foundation for its CSR activities and allocated an additional one percent of its yearly profit, thereby doubling the CSR budget to 2 per cent of its net profit, Das said.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...