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Nalco eyes Rs 31,000 cr turnover by 2032

Press Trust of India  |  New Delhi 

State-owned today announced formulation of a long-term corporate plan, which envisages the aluminium maker to reach a turnover of Rs 31,248 crore and a PAT of Rs 3,010 crore by 2032.

With the release of corporate plan, Mines Arun Kumar "appreciated the efforts of in formulating a plan that provides a strategic way forward for the company up to 2032...The long-term strategy foresees the company to reach a turnover of Rs 31,248 crore and a PAT of Rs 3,010 crore by 2032," the company said in a filing.

The new plan expects the company to reach a turnover of Rs 18,171 crore with a PAT of Rs 1,693 crore by 2024 with the augmentation of the smelting capacity to 1.1 million tonnes and refining capacity to 3.27 million tonnes, it said.

The corporate plan also seeks to diversify into commercial in bauxite and chromite, conductors and lithium-ion batteries, the filing said.

"...the long-term corporate plan...has been prepared by top to position in a growth trajectory taking into account emerging market conditions and evolving global scenarios," the company said.

The road map has been developed as per Niti Aayog's guidelines, envisaging three years action plan, seven years strategy and 15 years vision to have progressive growth of the company.

"This also includes forward looking new vision, mission and values of the company, which will give a direction to the company assuring steady growth, minimising the price volatility of commodities, while ensuring profitability," the company said.

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

First Published: Mon, January 08 2018. 21:30 IST