Saturday, June 25, 2022

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

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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.”

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated

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