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NALCO sets Rs 9,350 cr revenue target for FY19

Press Trust of India  |  New Delhi 

State-owned Limited (NALCO) today said it has set a 15 per cent higher target of Rs 9,350 crore revenues from operations in the current fiscal.

The CPSE has inked an MoU with the in this regard, which also includes a capex plan of Rs 1,100 crore for the current fiscal.

"Aluminium and Navratna CPSE has signed MoU (memorandum of understanding) with the Ministry of Mines, setting highest ever target of Rs 9,350 crore revenue from operations for FY2018-19 which is 15 per cent higher than last year," said in a statement.

Under the MoU, the company has also set a capex target of Rs 1,100 crore for the year 2018-19, it said.

"The MoU has also set a target of 2.1 million tonnes for production of Alumina with 100 per cent capacity utilisation and an optimum Aluminium production target of 4.15 lakh tonnes.

"It also sets a target of reduction in net carbon consumption as part of improvement in production efficiency, apart from giving thrust to commercialisation of new R&D products," the company said.

The MoU was signed by Anil Gopishankar Mukim, Secretary, and CMD Tapan Kumar Chand in today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 21:05 IST
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