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Public sector aluminium major National Aluminium Company Limited (NALCO) has targeted to produce 15.75 lakh tonnes of alumina and 3.45 lakh tonnes of aluminium during the year 2005-06. The company yesterday signed a Memorandum of Understanding (MoU) with the Ministry of Mines, Government of India fixing its higher financial targets for the year. Shri C.D. Arha, Secretary Mines and Shri C.R. Pradhan, CMD, NALCO, signed the MoU in the presence of senior officials of the Ministry and NALCO.
The Government has already approved in October 2004, NALCO's second phase expansion of the capacity of Bauxite Mine from 48,00,000 TPY to 63,00,000 TPY, Alumina Refinery from 15,75,000 TPY to 21,00,000 TPY, Alumina Smelter from 3,45,000 TPY to 4,60,000 TPY and Captive Power Plant (CPP) from 960 MW to 1,200 MW at an investment cost of Rs.4,091.51 crore.
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