Nalco to foray into bauxite mining; eyes Rs 312 bn turnover by 2032

The long-term corporate plan prepared by leading consultancy KPMG envisages Nalco to reach a turnover of Rs 181 bn with profit after tax of Rs 16.93 bn by 2024

A new corporate plan unveiled by the Union mines ministry sees National Aluminium Company (Nalco) foraying into chromite and bauxite mining and go for production of conductors and lithium ion batteries.

The long-term corporate plan prepared by leading consultancy KPMG envisages Nalco to reach a turnover of Rs 181 billion with profit after tax (PAT) of Rs 16.93 billion by 2024 with enhancement of the aluminium smelting capacity to 1.1 million tonnes and alumina refining capacity to 3.27 million tonnes. The long-term strategy foresees the company to reach a turnover of Rs 312 billion and a PAT of Rs 30 billion