NALCO projects full utilisation of its smelter, refinery

NALCO has signed a Memorandum of Understanding with the ministry of mines for 2010-11 projecting 100% capacity utilisation of its aluminium smelter to produce 4.6 lakh tonne of metal and 16.58 lakh tonne of alumina from the refinery.
    
The MoU signed yesterday also projected production of 7715 million unit of power at 85% of PLF (plant load factor) from its 1200 MW captive power plant at Angul.
    
The Navratna company has also projected higher financial targets and early completion of its on-going second phase expansion projects, a NALCO release said.
    
NALCO has agreed to focus on completion of targets of UtkalE coal block for coal production by June 2012, Aluminium Park in Angul in joint venture with the state government of Orissa, greenfield smelter abroad and development of recently allotted bauxite deposits in Andhra Pradesh for setting up a mines and alumina project at a cost of Rs.6000 crore.
    
For the first time special weightage has been given to sustainable development which includes tree plantation and wind farm development.
    
Special imphasis has also been laid on Corporate Social Responsibility (CSR) with focus on SA8000, health camps in periphery villages and enhanced allocation for peripheral development activities, the release said.
    
The MoU was signed between AK Srivastava, CMD, NALCO and Union mines secretary Santha Sheela Nair.