The National Aluminium Company Limited (Nalco) recorded an all-round success and global benchmarks in the Fiscal 2018-19.
Along with significant achievements on production front, it achieved the distinction of lowest-cost producer of alumina in the world as per the Wood Mackenzie report. Going a step further, the company has also been ranked as the lowest-cost producer of bauxite in the world.
With over 100%-capacity utilisation, the Nalco’s Panchpatmali Mines achieved bauxite excavation of 74.14 lakh MT, the highest-ever since inception.
The company’s Alumina Refinery produced the highest-ever 21.53 lakh MT. The refinery’s Steam & Power Plant (SPP) achieved the highest-ever net power generation.
The Aluminium Smelter has achieved the highest-cast metal production of 4.40 lakh MT in last eight years. Wind power generation of 363 MU is also the highest-ever since inception.
The Smelter plant also achieved a Specific Electrical Energy Consumption of 13,370 KWH per tonne of aluminium in the FY 2018-19, which played a significant role in reduction of input cost and saving of Rs 54 crore to the company.
The Captive Power Plant has reduced the specific consumption of coal from 0.818 kg/kWh to 0.792 kg/kWh, resulting in a saving of Rs 52 crore.
It may also be noted that NALCO has ended financial year 2018-19 on a strong performance in domestic sale which is highest-ever since inception.
Total metal sale of 4.41 lakh MT registered a growth of 3.5% over last year and also Domestic sale of metal of 4.02 lakh MT registering a growth of 14.9% over last year are highest ever since inception.
Further, as per the Public Enterprise Survey of Department of Public Enterprises (DPE), the Company has been rated as the 3rd Highest ‘Net Foreign Exchange Earning CPSE’ in the Country for the year.