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National Aluminium Co Ltd (Nalco) has signed an MoU with the Ministry of Mines for a sales target of Rs 7,757 crore for 2013-14. The target figure marks 10 per cent higher than that of the current fiscal. Nalco has set an annual production target of 64.50 lakh tonnes (lt) of bauxite, 21.5 lt of alumina, 4.05 lt of aluminium and power generation of 6,341 million units. The proposed project milestones for the next fiscal would be a new alumina refinery in Gujarat, addition of a new stream of 10 lt in the existing alumina refinery at Damanjodi in Odisha based on still unexplored Pottangi bauxite deposit nearby, a wind power project at Damanjodi and a solar power project at any suitable location in the country. Besides, the company has set targets for ongoing Utkal-E coal mine project at Angul in Odisha and upgradation of fourth stream of alumina refinery at Damanjodi.
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