Bhubaneswar: 'Navratna' PSU Nalco has reported excellent results in terms of production performances and foreign exchange earnings for 2013-14.
During the year, the company achieved record foreign exchange earnings of Rs 3719 crore (provisional).
As per the Public Enterprise Survey of Department of Public Enterprises, Union government, published in February 2014, NALCO has emerged as the third highest ?Net foreign exchange earning CPSE? for the year 2012-13.
Besides, in terms of physical performance, NALCO has reported record performance in bauxite and alumina production for the fiscal. The company has achieved the highest-ever bauxite production of 62.93 lakh tonnes, against previous best of 54.19 lakh tonnes achieved in previous fiscal.
At the same time, NALCO's Alumina Refinery has produced 19.25 lakh tonnes of alumina hydrate, which is an all-time high, against the previous best of 18.02 lakh tonnes achieved in 2012-13.
"During the year, the metal production of the company was rejiged from 4.03 lakh tonnes to 3.16 lakh tonnes, due to planned shutdown of around 300 pots (out of total 960 pots), due to lower LME price," said Nalco CMD Ansuman Das.
Besides, Das said: "It was not commercially viable to produce more metal using expensive imported coal".
The net power generation by company's Captive Power Plant was 4,989 million units.
This apart, Nalco has achieved highest-ever sale of Alumina/Hydrate of 13.42 lakh tonnes against 9.83 LT achieved in previous year. Total metal sale was 3.20 LT against 4.03 LT in 2012-13 fiscal, company sources said.
