NALCO Achieves Record Cast Metal Production and Sales in FY24

State-owned National Aluminium Company Limited (NALCO) has set a new benchmark in its production and sales performance for the financial year 2023-24. The company announced a record production of cast metal, reaching 4,63,428 metric tonnes, surpassing all previous records since its inception.

This achievement was complemented by the company's highest-ever metal sales of 4,70,108 metric tonnes during the fiscal year ending on March 31, as stated in a recent company statement.

NALCO also reported a record-high excavation of bauxite, reaching 7,600,230 metric tonnes during the same financial year. These milestones underscore NALCO's commitment to excellence and efficiency in its operations.

According to NALCO's CMD, Sridhar Patra, these achievements were made possible through the company's focus on backward integration and securitization of raw materials and energy over the past four years. Patra attributed this success to the dedication and hard work of the employees, as well as the cooperation received from various stakeholders.

In addition to its production milestones, NALCO's alumina refinery produced 21,24,000 metric tonnes of alumina hydrate, further showcasing the company's operational excellence. The captive power plant also played a significant role, generating a gross of 7,193.62 million units of power during the year.

NALCO's achievements in FY 23-24 were further highlighted by the development and operationalization of the Utkal D coal block, where the company produced 2 million metric tonnes of coal, reaching the peak-rated capacity of the mine.

As a key player in the aluminium industry, NALCO plays a crucial role in India's manufacturing and export ectors. Under the Ministry of Mines, NALCO is recognised as the country's leading manufacturer and exporter of alumina and aluminium, contributing significantly to India's economy.

NALCO's record production and sales figures in the financial year 2023-24 demonstrate its commitment to excellence and sustainable practices. The company's focus on innovation and efficiency has positioned it as a key player in the global aluminium market, driving growth and creating value for its stakeholders.