NALCO achieves record production and sales in 2023-24
National Aluminium Company Ltd. (NALCO), the prestigious Navratna Central Public Sector Enterprise under the Ministry of Mines, Government of India, and the nation’s foremost manufacturer and exporter of alumina and aluminium, has announced an unprecedented achievement in its operational performance for the fiscal year 2023-24. The company has not only achieved but surpassed its previous records in production and sales, setting new benchmarks in the aluminium industry.
In a remarkable accomplishment, NALCO reported the highest-ever Cast Metal production of 463,428 Metric Tonnes, an all-time high Bauxite Excavation of 7,600,230 Metric Tonnes, and an unprecedented Metal Sale of 470,108 Metric Tonnes. These achievements are unparalleled in the company’s history, reflecting its operational excellence and market leadership. Furthermore, NALCO has expanded its product lineup by introducing a new Aluminium Alloy Ingot (AL59), marking its commitment to innovation and meeting diverse market demands.
The company’s Alumina Refinery boasted a 101.15% capacity utilization, producing 2,124,000 Metric Tonnes of Alumina Hydrate. Simultaneously, its Captive Power Plant generated a gross 7,193.62 million units of power, showcasing NALCO’s dedication to energy efficiency and sustainability. A significant milestone was also achieved with the development and operationalization of the Utkal D coal block, from which the company produced 2 million tonnes of coal, reaching the peak rated capacity of the mine.
Sridhar Patra, the Chairman and Managing Director of NALCO, expressed his gratitude towards the collective effort of the NALCO team and stakeholders for these significant achievements. He highlighted that these milestones are a testament to the company’s relentless pursuit of excellence, backed by strategic initiatives in backward integration and securitization of raw materials and energy over the past four years.
These accomplishments by NALCO not only strengthen its position in the global aluminium market but also contribute significantly to India’s industrial and economic growth. The company’s focus on sustainable development, energy efficiency, and market expansion sets a commendable example for the industry.
National Aluminium Company Ltd.’s record-breaking performance in the fiscal year 2023-24 underscores the company’s robust growth strategy and its pivotal role in the global aluminium industry. By achieving unprecedented production and sales figures and adding new products to its portfolio, NALCO demonstrates its adaptability and commitment to innovation. The operationalization of the Utkal D coal block further highlights the company’s strategic approach towards securing raw materials and ensuring energy sustainability. These achievements not only reinforce NALCO’s market dominance but also contribute to the broader objectives of India’s manufacturing sector and economic development.