Business
Nalco's expansion plans
NEW DELHI, DEC. 10. The state-owned National Aluminium Company Ltd. (Nalco) has decided to spend about Rs. 4,200 crores on its expansion plans.
The expansion plan at Damanjodi included enhancing the bauxite mining capacity to 4.8 million tonnes and aluminium refining capacity to 1.575 million tonnes at a cost of Rs. 1,664.60 crores, a release said.
The current level of bauxite mining capacity at Damanjodi stands at 2.4 million tonnes and aluminium refining capacity at 8 lakh tonnes.
Moreover, under the expansion plan the new potline will be commissioned to take the aluminium smelting capacity from 2.3 lakh tonnes to 3.45 lakh tonnes.
Nalco exported 1.19 lakh tonnes metal and 4.96 lakh723 tonnes alumina last fiscal. However, the total metal sale stood at 2.33 lakh tonnes during 2000-01.
It registered a record Rs. 2,408.60 crore turnover with Rs. 1,314.20 crores from exports.
The company's net profit grew by 28.21 per cent to Rs. 655.83 crores in 2000-01 over the previous fiscal. The raising of captive power plant capacity at Angul to 960 MW from 720 MW would cost around Rs. 2,542 crores, it added.
Nalco's smelter plant crossed, for the first time, rated capacity by producing 2.30 lakh tonnes in the last fiscal.
The company also achieved record production in bauxite at 28.34 lakh tonnes and calcined alumina at 9.30 lakh tonnes during 2000-01.
_ PTI
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