New Delhi: Navratna mining PSU National Aluminium Company Limited (NALCO) has created new records in production and sales for the financial year 2023-24.

PSU Watch is now on Whatsapp Channels. Click here to join

According to an official statement, the company has achieved the highest-ever Cast Metal production of 4,63,428 Metric Tonnes (MT), highest-ever Bauxite Excavation of 76,00,230 MT and highest-ever Metal Sale of 4,70,108 MT, surpassing all previous records since inception. In FY 2023-24, the company has also added a new Aluminium Alloy Ingot (AL-59) to its product range.

Achieving 101.15 percent capacity utilization, NALCO’s Alumina Refinery has produced 21,24,000 MT of Alumina Hydrate, while the Captive Power Plant has generated a gross 7193.62 million units of power. Worth mentioning that in FY 2023-24, NALCO has developed & operationalized its Utkal D coal block and has also produced 2 million tonnes of Coal, which is the peak rated capacity of the mine.

NALCO CMD Sridhar Patra said that the company has always striven to do better than the previous set benchmarks. Expressing his gratitude for significant achievements, he congratulated the NALCO collective and the stakeholders. Acknowledging the dedication and hard work of the employees and cooperation received from various stakeholders, he said that many major milestones have been achieved by way of backward integration and securitization of raw materials and energy in the past four years.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)