Page 53 - August-2020-Issue

NALCO clocks All-time High

Physical Performance; Declares Net

Profit of `138 Cr. in FY 19-20

ational Aluminium by successfully handling the mar-
Company Limited ket downturn. Riding on overall
N(NALCO), declared its growth in production, improving
financial results for 2019-20 fis- productivity & sales, the compa-
cal. According to the audited ny has been registering profit ev-
financial results for the year, ery fiscal since inception. Worth
taken on record by the Board of mentioning that during the year,
Directors in a meeting, NALCO NALCO has achieved significant
has posted a net profit of ` 138.23 growth in production and sales.
cr. for FY19-20. During the year, Bauxite production of 73.02 lakh
the company has achieved net MT in mines and 21.61 lakh MT of Alumina Refinery.
turnover of ` 8426 crore, which Alumina Hydrate in alumina re-
has been adversely impacted finery, have been the highest-ever employees. 'We are optimistic
by about ` 2900 cr. due to fall in since company’s inception. Both that in the long run with our fo-
global metal prices. The export Mines and Refinery of NALCO cus on increasing the production
turnover of the company for the has been performing beyond its in mining and refining segments,
fiscal was ` 3511 cr. installed capacities. The company opening up of the new coal

However, weathering the slug- also produced 4.18 lakh MT of blocks, backward integration in
gishness in the international metal Aluminium metal in FY19-20. supply of key raw materials like
market and falling London Metal Mr. Sridhar Patra, CMD, NALCO, caustic soda, we shall be able to
Exchange prices, NALCO has has attributed the success to the tide over present economic crisis',
continued to remain profitable teamwork and dedication of the said Mr. Patra.

MCL Plans to Invest Rs. 60,000 cr. in Odisha

ahanadi Coalfields Ltd. coalfields, Subhadra (25 MTY) of HEMMs, besides setting-up
(MCL), has laid out an and Balbhadra North (10 MTY) of 1600 MW (2x800) super criti-
Minvestment of about in Talcher coalfields, as well as cal thermal power plant with
`60,000 crore in Odisha, with expansion of existing projects the planned investment of ` 11,363 cr.
` 31,000 crore to be spent for min- company targets to increase its in Sundergarh district of Odisha.
ing and social infrastructure de- coal production capacity to 300 The investment in strengthen-
velopment by 2023-24. With in- million tonne. ing coal evacuation infrastruc-
vestment in acquisition of land for To increase the capacity build- ture, like doubling of 53-km-long
three new MDO (Mine, Develop ing for the new and expansion Jharsuguda-Sardega railway line
and Operate) projects, namely of existing projects, the company with a flyover at Jharsuguda rail-
Siarmal (50 MTY) in Ib Valley would invest in procurement way station and construction of
Contd... # 69

Kaleidoscope August, 2020 53