A sum of Rs.7,056 crore was approved for the National Aluminium Company Limited (NALCO), public sector aluminium major, as Xth Plan outlay, out of which Rs.954.20 crore was planned to be financed from internal resources and the balance R.6,101.80 crore to be financed through extra budgetary resources (EBR). The Xth Plan projection includes an outlay of Rs.5,406 crore on further expansion and new projects including joint ventures. A sum of Rs.838.54 crore is already spent in the first two years of the plan period. In the mid term appraisal of Xth Plan, the company has revised the outlay to Rs.2,864.25 crore in the Xth Plan period which is expected to be entirely met from internal resources. This information is given in the 2005-06 performance budget of the Ministry of Mines.
According to the report, a sum of Rs.3,559.10 crore was approved as IXth Plan outlay that includes Rs.2,969.94 crore towards first phase expansion of Mines & Refinery, Smelter and CPP. Out of the above outlay, Rs.2,453.27 crore was planned to be financed from internal resources and the balance Rs.1,105.83 crore to be financed through EBR. Against the projected outlay of Rs.3,559.10 crore, actual expenditure for the IXth Plan periods was Rs.3,111.99 crore, which was substantially financed from internal resources (Rs.2,464.30 crore).
DS/SCH
(Release ID :9716)