NALCO achieves highest-ever turnover

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SME Times News Bureau | 03 Apr, 2013
The state-run National Aluminium Company Ltd. (NALCO) Tuesday said it has reported highest-ever sales turnover and foreign exchange earnings in 2012-13.

During the year, the company achieved record sales turnover in excess of Rs.7,200 crore and foreign exchange earnings of Rs.3,400 crore, the company said in a statement.

Despite delay in renewal of mining lease, the company achieved the highest-ever bauxite production of 54.19 lakh tonnes, against the previous best of 50.03 lakh tonnes achieved in the previous fiscal.

Its refinery produced 18.02 lakh tonnes of alumina, which is an all-time high, as against the previous best of 16.87 lakh tonnes achieved in 2011-12.

However, during the year, the metal production of the company slumped marginally from 4.13 lakh tonnes to 4.03 lakh tonnes due to planned shutdown, it said.

The Bhubaneswar-headquartered NALCO is India's third largest aluminium producerr. While its mines and refinery are located in Damanjodi in Koraput district, its smelter and captive power plant are located in the district headquarters town of Angul.