Buoyed by the huge future business avenues in the mining segment and also in the new corporate plan unveiled by the mines ministry, National Aluminium Company (Nalco) has forayed into chromite and bauxite mining segment and targeted a turnover of Rs.181 billion with profit after tax (PAT) of Rs.16.93 billion by 2024. The company will go aggressively for production of conductors and lithium ion batteries. The long-term strategy foresees the company to reach a turnover of Rs.312 billion and a PAT of Rs 30 billion by 2032. The corporate plan also envisages backward integration to coal tar pitch and caustic soda, forward integration to extrusions, foils & castings and expanding value addition capacities in wire rods & rolled products. The corporate plan has been developed as per the guidelines of NITI Aayog, envisaging three years action plan, seven years strategy and 15 years vision to have progressive growth of the company.
📅Published on:
12 January 2018
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