Current Affairs - Business - Discussion

Central Public Sector Enterprise (CPSE), National Aluminium Company Limited (NALCO) has signed MoU with Union Ministry of Mines, setting highest ever target of Rs 9350 crore revenue for financial year 2018-19. NALCO's revenue target of Rs 9350 crore marks a 15% increment over previous year. In terms of production, target for production of Alumina has been set at 2.1 million tons and for Aluminium production it is 4.15 lakh tonnes. During 2018-19, NALCO will be incurring capital expenditure of Rs.1100 crore, mainly on projects like the 1 million tonne 5th stream of Refinery, wind power projects and modernization & up- gradation of plant equipments.