NEW DELHI | April 03, 2016: Public sector Nalco has clocked a record production of alumina and bauxite in fiscal 2015-16.
The aluminium major has registered an all-time high production of 63.40 lakh tonnes of bauxite in 2015-16 fiscal which is 10.47 per cent higher, and 19.53 lakh tonnes of alumina, 5.51 per cent higher than the corresponding period previous fiscal, NALCO said in a BSE filing.
"These are the highest-ever production figures since inception of the company," said NALCO CMD Tapan Kumar Chand.
The Navratna PSU also produced 3.72 lakh tonnes of metal registering an increase of 13.79 per cent as compared to last fiscal.
During the year, the metal sale was higher by 14.21 per cent at 3.72 lakh tonnes and power generation was up by 13.84 per cent at 5,841 million units, as compared to previous year.
"At a time when 70% aluminium companies world over have reported loss and the aluminium industry is reeling under heavy pressure due to sluggish international market, NALCO has remained profitable," it said in a statement.
It said the company has handled the market downturn by focusing on its bauxite mining and alumina refining arm, besides effecting several cost reduction measures, particularly in metal production.
(Source: http://economictimes.indiatimes.com/)