The National Aluminium Company limited (Nalco) has signed an MoU with the Union Ministry of Mines regarding financial and nonfinancial targets for the FY 2015-16. The MoU was signed between Ministry Secretary Dr Anup K Pujari and Nalco CMD Ansuman Das in New Delhi on March 31. As per the MoU, the Nalco’s net operating sales turnover target has been fixed at Rs 8,488 crore. As regards physical performance, the company has set an annual production target of 68.25 lakh tonnes of bauxite, 21.80 lakh tonnes of alumina, 3.80 lakh tonnes of aluminium and net power generation of 6,009 million units.
Regarding new initiatives, the proposed major milestones would include establishing a solar power project of about 15 MW and exploring an overseas smelter plant based on cheap power. Further, the Nalco has given emphasis on reduction in electrical energy consumption for its refinery and smelter plant and, accordingly, targets have been set. The company has set target for adopting ISO 27001 Certification for IT infrastructure. As part of its Corporate Social Responsibility activity, the company has committed for construction of toilets in school of peripheral villages of the Angul and Damanjodi sectors under the Swachh Vidyalaya Abhiyan.