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

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.

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