Aluminium consumption in India to triple by 2030, says NALCO CMD

NALCO registers strongest performance in 2017-18, registering a growth of Rs 1342.19 crore against Rs 669 crore in the previous year

GN Bureau | June 8, 2018


#Damanjodi   #NALCO   #PSU  

In its effort to increase its foothold in the Aluminium industry, NALCO recently organised a customers and vendors meet in Mumbai.

CMD, NALCO, Tapan Kumar Chand said, “India will see a quantum jump in Aluminium consumption by 2030 and it has to enhance its production to meet the demand.”

Chand commended the loyal base of customers and vendors for standing by NALCO through thick and thin and said India’s Aluminium consumption per person per year will be doubled by 2030. “Loyalty of NALCO’s customers and suppliers is one of the drivers of our success,” he said.

He further said, “NALCO shall be adopting the latest technology for its upcoming Smelter plant which will result in more than two fold increase in productivity. Our new business model and upcoming projects like expansion of Alumina Refinery at Damanjodi, brownfield expansion of Smelter, caustic soda plant at Gujarat will help the company’s growth momentum.” Chand also provided an overview about the global Aluminium sector and stressed that the internals of NALCO are strong enough to withstand fluctuations in the business environment.

 

Comments

 

Other News

Retail inflation crosses 6% mark

Retail inflation based on Consumer Price Index for October has reached 6.09%, whereas year-on-year food inflation, based on Consumer Food Price Index, for October is 8.94%, an official release said on Thursday.   Year-on-year inflation rate based on All India Consumer Price I

Cabinet approves museum at North-South Block complex

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday has approved the development of the Yuge Yugeen Bharat Museum (YYBM) at the North and South Block Complex, New Delhi, at an estimated total project cost of ₹3,230 crore, as appraised by the Public Investmen

Cabinet approves extension of Noida metro corridor

The Union Cabinet, chaired by prime minister Narendra Modi, has approved the extension of Aqua Line Metro Rail Corridor from Noida Sector-51 to Greater Noida Sector-04 of Noida Metro Rail Project with corridor for a length of 8.449 km with 5 elevated stations. On operationalization of this corridor, Noid

India reaffirms commitment to climate multilateralism

India has reaffirmed its commitment to climate multilateralism and the principles of Equity and Common But Differentiated Responsibilities and Respective Capabilities (CBDR-RC), calling for a fair, equitable and ambitious outcome at the 31st Conference of the Parties (COP31) to the United Nations Framewo

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter