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The most prominent Navratna CPSE under the Union Ministry of Mines, National Aluminium Company Ltd. (NALCO), is India's top producer and exporter of aluminum and alumina, setting new production and sales records for the fiscal year 2023–2024. Beating all previous records since its founding, the company has produced the most cast metal (4,63,428 metric tonnes), the most bauxite (76,00,230 metric tonnes), and the most metal (4,70,108 metric tonnes).
In FY 23-24, the company also added a new Aluminium Alloy Ingot (AL-59) to its product range. Achieving 101.15 % capacity utilisation, NALCO’s Alumina Refinery has produced 21,24,000 Metric Tonnes of Alumina Hydrate, while the Captive Power Plant has generated a gross 7193.62 million units of power.
Worth mentioning that in FY 23-24, NALCO has developed & operationalised its Utkal D coal block and has also produced 2 million tonnes of Coal, which is the peak rated capacity of the mine. Sridhar Patra, CMD, NALCO, said that the company has always strived 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 securitisation of raw materials and energy in the past four years.
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