NALCO Inks MoU With Government of India for FY 2018-19

Aluminium major & Navratna CPSE National Aluminium Company Limited (NALCO) has signed MoU with the Ministry of Mines, Govt. of India, setting highest ever target of Rs 9350 crore revenue from operations for FY 2018-19 which is 15% higher than 2017.
 

The MoU has been formulated as per Department of Public Enterprise guidelines and finalized after discussions with both Inter-Ministerial Committee as well as Ministry of Mines. The MoU has also set a target of 2.1 million tons for production of Alumina with 100% capacity utilisation & an optimum Aluminium production target of 4.15 lakh tonnes.

Source- DD News
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • Tapan Kumar Chand is the CMD of NALCO.