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3 months ago
BRIEF-India's NALCO inks MoU with India govt for setting higher FY targets in production, turnover, capex
May 25, 2017 / 10:29 AM / 3 months ago

BRIEF-India's NALCO inks MoU with India govt for setting higher FY targets in production, turnover, capex

May 25 (Reuters) - National Aluminium Co Ltd

* Says National Aluminium Company Limited (NALCO) has signed an MoU with the ministry of mines

* Says MoUfor setting higher targets in production, productivity, turnover and capex for the FY 2017-18

* Says as per MoU, the target for revenue from operations has been fixed at INR 81 billion (net of excise) which is INR 7 billion more than previous year

* Says MoU set 100% targets for production of both bauxite and alumina i.e. 6.825 mt and 2.1 mt, respectively Source text: bit.ly/2qfgJW2 Further company coverage:

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