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NALCO rated as the lowest-cost bauxite & alumina producer in the world in 2019

NALCO has been rated as the lowest-cost producer of Bauxite and Alumina in the World for the year 2019, CMD Sridhar Patra told shareholders at the PSU's 39th AGM

Policy Watch Bureau

New Delhi: National Aluminium Company Limited (NALCO), a Navratna PSU under the Ministry of Mines, has been rated as the lowest-cost producer of Bauxite and Alumina in the World for the year 2019 by Wood Mackenzie, said Chairman & Managing Director (CMD) Sridhar Patra at the company's 39th annual general meeting (AGM). The AGM was held on Wednesday via video conferencing. Here are the key highlights of the meeting:-

  • Panchapatmali Bauxite Mines have achieved 73.02 lakh tonnes of Bauxite transportation which is the highest-ever since inception.
  • Alumina Refinery at Damanjodi has achieved 102.9 percent of normative capacity (i.e. 21 lakh tonne) with the production of 21.61 lakh tonnes of Alumina Hydrate, which is also the highest-ever since inception.
  • Aluminium Smelter has achieved the lowest-ever DC energy consumption of 13,367 KWhr/tonne and the lowest ever net carbon consumption of 422.8 Kg/tonne.

Also read: NALCO records highest-ever production of bauxite & alumina hydrate in FY2019-20

While speaking on the occasion of the 39th AGM, Patra said, "The Year 2019-20 has been a year of mixed results for the company. In spite of an extremely challenging business environment, coupled with a slump in prices and onset of COVID-19 pandemic in the last quarter of the year, we have made an exemplary contribution in promoting and putting a focus on plant, production, productivity and people". 

He added, "Sustainability has now become a part of NALCO's key business processes. The year was a testimony to NALCO being a partner in progress in promoting inclusive growth as an industry leader and spreading happiness amongst people."

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