NALCO introduces new product
DSIJ Intelligence / 26 Jul 2017
The new product is likely to boost the downstream units in electrical components and consumption market in the state of Odisha.
In an attempt to widen its base in value-added products, National Aluminium Company Limited (NALCO) has started producing AA 3105 alloy comprising aluminium, manganese and magnesium at the rolling plant of its smelter division. This will also help make it an active partner in the ‘Make in India’ movement, according to the company’s CMD Tapan Kumar Chand, as was reported by a leading news agency. The new product is likely to boost the downstream units in electrical components and consumption market in the state of Odisha.
NALCO is a Navratna CPSE under Ministry of Mines. It was established on January 7, 1981 in the public sector, with its registered office at Bhubaneswar. The company is a group ‘A’ CPSE having integrated and diversified operations in mining, metal and power with sales turnover of Rs 7,933 crore in the financial year 2016-17. Presently, Government of India holds 65.36% equity of NALCO.
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