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    NALCO unveils Corporate Plan 2032, aims turnover of INR 31,248 crore

  • China Aluminium Network
  • Post Time: 2018/1/10
  • Click Amount: 423

    National Aluminium Company Limited (NALCO) has presented Corporate Plan (2017-2032) that foresees the company to reach a turnover of INR 31,248 crore and a PAT of INR 3,010 crore by 2032.

    NALCO said that the new plan expects the company to reach a turnover of INR 18,171 crore with PAT of INR 1,693 crore by 2024 with enhancement of the smelting capacity to 1.1 million tons & refining capacity to 3.27 million tons.

    The plan also envisages backward integration to CT Pitch & Caustic Soda; forward integration to Extrusion, Foils & Castings; expanding value addition capacities in Wire rods & Rolled Products; diversifying into commercial mining in Bauxite & Chromite, Conductors & Lithium-Ion batteries, it said.

    The Corporate Plan was released by Shri Arun Kumar, IAS, Secretary, Ministry of Mines, in presence of Dr. K. Rajeswara Rao, Addl. Secretary, Shri N.K. Singh, Jt. Secretary, Ministry of Mines, Govt of India and Dr. Tapan Kumar Chand, CMD, NALCO, in New Delhi.

    According to NALCO press release, “With the release of Corporate Plan, Shri Arun Kumar, IAS, Secretary (Mines), appreciated the efforts of NALCO in formulating the plan that provides a strategic way forward for the company up to 2032.

    “It may be noted that the Corporate Plan has been developed as per the guidelines of NITI Aayog, envisaging 3 years action plan, 7 years strategy and 15 years vision to have progressive growth of the company.”

    Source: AlCircle.com
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