National Aluminium Company Limited (NALCO), India's largest producer and exporter of alumina and aluminium closed the financial year 2003-04 with highest ever aluminium production of 2,98,000 tonnes, registering an increase of 22 per cent over previous year and establishing new records in all segments of its operation.
The company's bauxite mines have crossed the rated capacity to achieve an all-time record production of 48.15 lakh tonnes against previous year's 47.77 lakh tonnes. Similarly, alumina production of 15.56 lakh tonnes against 14.80 lakh tonnes in previous year is also a new record since inception. The company achieved record power generation of 5,121 million units compared to 4,291.6 million units in the previous year.
Sales targets in respect of aluminium export, domestic metal sale and total metal sale are highest since inception and have surpassed the annual targets. The company has achieved new landmark in aluminium export of 1,31,000 tonnes. The total metal sale increased by 20 per cent to 2,93,000 tonnes, which again is an all-time high. The company also exported 9,45,000 tonnes of alumina, earning a highest ever total export income of Rs.1,660 crore. Due to the improved production and sales, the company hopes to achieve record sales turnover of Rs.3,200 crore and a net profit of Rs.750 crore, nearly 44 per cent higher than the previous year.
(Release ID :1483)