The chairman-cum-managing director (CMD) of National Aluminium Company (Nalco), Ansuman Das, said the company had to opt for lower production of aluminium in 2013-14 due to lower price realisation. The metal’s production was curtailed from 4.03 lakh tonne to 3.16 lakh tonne during the year with planned shutdown of around 300 pots out of 960, he added.
"It was not commercially viable to produce more metal using expensive imported coal", he said. According him, price realisation was low due to the low LME price of the metal during the year.
Nalco, the CMD said, has reported excellent results in terms of production performance and foreign exchange earnings for 2013-14. During the year, the company achieved record foreign exchange earnings of R3,719 crore (provisional).
The company reported a record performance in terms of bauxite and alumina production. It achieved the highest-ever bauxite production of 62.93 lakh tonne against the previous best of 54.19 lakh tonne in the previous fiscal. At the same time, Nalco’s alumina refinery produced 19.25 lakh tonne of alumina hydrate, which is an all-time high, against the previous best of 18.02 lakh tonne in 2012-13. net power generation by company’s captive power plant was 4,989 million units.