Bhubaneswar, March 25 (Odisha.in) The state-own National Aluminium Co Ltd (NALCO) is targeting an revenue of 77.57 billion rupees for the next fiscal year, about 10 percent higher than the current year’s target, the company here said.
NALCO, India’s third-largest aluminium maker, on Monday signed a pact with the mines ministry on physical and financial targets for the 2013/14 fiscal year starting in April. It operates mines, smelter and power plant in the state.
According to the pact the company aims to produce of 64.50 lakh tonnes of bauxite, 21.5 lakh tonnes of alumina, 4.05 lakh tonnes of aluminium and 6341 million units of power in 2013-14.
Among new projects, the company has planned to set up a new alumina refinery in Gujarat; addition of a new stream of 10 lakh tonnes in the existing alumina refinery in Odisha based on Pottangi bauxite deposit.
NALCO also aimed to set up its 3rd wind power project at Damanjodi and the solar power project at any suitable location in the country.
Besides, the company has set targets for on-going Utkal-E coal mine project at Angul and upgradation of 4th stream of alumina refinery at Damanjodi both in Odisha.