Aluminium enterprise, National Aluminium Company Limited (NALCO) has inked an agreement with the union ministry of mines setting highest ever target of Rs 9,350 crore revenue from operations for the current fiscal which is 15 percent higher than the last year.

The pact was signed for the excellent performance of the company, high standard of corporate governance in 2017-18 and robust business plans for 2018-19. The MoU has been formulated as per the department of public enterprise guidelines and finalised after discussions with both inter-ministerial committee as well as mines ministry.

NALCO is also eyeing to achieve the target of 2.1 million tons for production of Alumina with 100 percent capacity utilisation and an optimum Aluminium production target of 4.15 lakh tonnes.

The enterprise wants to reduce net carbon consumption as part of improvement in production efficiency, apart from giving thrust to commercialisation of new R&D products.