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What is National Aluminium Company Limited mean?
National Aluminium Company Limited, abbreviated as NALCO, (incorporated in 1981) is a government company having integrated and diversified operations in mining, metal and power under the ownership of Ministry of Mines, Government of India. Presently, Government of India holds a 51.5% equity in NALCO.
It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in the country encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations [1].
The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report. With sustained quality products, the Company’s export earnings accounted for about 42% of the sales turnover in the year 2018-19 and the Company is rated as 3rd highest net export earning CPSE as per Public Enterprise Survey report.
To face the challenges of ever-evolving market and position the Company in a sustainable growth path, a new corporate plan has been developed with well-defined 3 year action plan, 7 year strategy & 15 years vision of being a Premier and Integrated Company in the Aluminium value chain with strategic presence in Mining both domestic & global, Metals and Energy sectors. The Corporate Plan has chalked out a roadmap for multifold growth in revenue and Profit by 2032.
As a responsive Corporate, the Company is harnessing renewable energy aligning to the ambitious programmes of Govt. of India. The Company has already commissioned 198 MW wind power plants and further 50 MW wind power plants are in pipeline, making it the highest producer of renewable energy among PSUs.
referencePosted on 28 Sep 2024, this text provides information on Miscellaneous in Navratna Central Public Sector Enterprise related to Navratna Central Public Sector Enterprise. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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