Nalco logs 18% growth in bauxite output in 2016

This is the highest growth for Nalco since inception and also a record in the mining industry

Central PSU National Aluminium Company (Nalco) has recorded a growth of 18 per cent in 2016 in its bauxite output. The growth in bauxite production is Nalco’s highest since inception and also a record in the mining industry, the company’s chairman and managing director (CMD) T K Chand said.
 

“During the financial year 2016-17, Nalco will surpass its production capacity of 6.82 million tonne (mt) and will achieve 7.32 mt production,” Chand said on the occasion of Nalco's Foundation Day.
 

In the stock market, Nalco’s share price has registered an increase of 68 per cent from Rs 40.20 to Rs