Nalco turnover surges in 2014-15

Bhubaneswar: Navaratna PSU Nalco has achieved highest ever gross turnover of Rs. 7774 crore in 2014-15, compared to Rs. 7024 crore achieved last year. The figure too surpassed the company’s previous best of Rs. 7247 crore achieved in 2012-13.

During the year, the export earning of the company was Rs. 3307 crore against Rs. 3719 crore earned last year, a company statement said.

Besides, Nalco has generated 181 MU of wind energy during the year by operating a 50.4 MW wind power plant at Gandikota, Andhra Pradesh and another 47.6 MW plant at Jaisalmer, Rajasthan. During the year, the company commissioned 260 KWp Rooftop Solar Power System in Bhubaneswar. The system has generated 167 kilo unit solar energy during the year.

Recently, Nalco has signed a Memorandum of Understanding (MoU) with the Ministry of Mines regarding financial and non-financial targets for 2015-16. 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.

During the year, the company aims to establish 15 MW solar power project and explore an overseas smelter plant based on cheap power.