By Our Correspondent
NEW DELHI/BHUBANESWAR: Union Mines, Coal and Parliamentary Affairs Minister Pralhad Joshi on Friday lauded CPSU Navratna NALCO for achieving record in bauxite production.
“Achieving record production in a year marred with Covid scare is indeed praiseworthy. Well done @NALCO_India,” Union Minister Pralhad Joshi tweeted @JoshiPralhad. The praising tweet from Union Minister Joshi came after NALCO broke all its past record in bauxite production.
Backed by strong support from Union Mines, Coal and Parliamentary Affairs, Minister Joshi, Union Mines Ministry CPSU, Navaratna , NALCO had on Thursday scripted yet another History with CMD Sridhar Patra proving a point of his corporate leadership in a very short period of time as Chairman cum CMD.
In the Financial Year 2020-21, NALCO achieved 73,65,001 MT in Bauxite production as against 73,02,245 MT in 2019-20. The figure was 72, 30, 546 MT in 2018-19 and 70,25,109 MT in 2017-18. In 2016-17, the figure was 68,25,000MT.
“Records are meant to be broken. Despite challenging times, NALCO registered the highest ever Bauxite Production since inception, a testimony to the hard work and commitment by Team NALCO. @JoshiPralhad@MinesMinIndia,” NALCO tweeted @NALCO_India.
National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on 7th January, 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal and power. The Company registered net-profit of Rs. 138 crore and sales turnover of Rs. 8,426 crore in financial year 2019-20. The export earnings have been recorded at Rs. 3,511 crore. Presently, Government of India holds 51.28% equity of NALCO.
NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha.
NALCO has bulk shipment facilities at Vizag port for export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep Ports. The Company has registered sales offices in Delhi, Kolkata, Mumbai, Chennai and Bangalore and 9 operating stockyards at various locations in the Country to facilitate domestic marketing.
