NALCO reports record bauxite and alumina production in FY12
The vehicle — dubbed the Transition — has two seats, four wheels and wings that fold up so it can be driven like a car. Last month, it flew at 1,400 feet for eight minutes. Commercial jets fly at 35,000 feet.
State-run National Aluminium Company Ltd. (NALCO) has reported highest ever bauxite and alumina production for the year 2011-12.
The company has achieved the highest-ever bauxite production of 50.03 lakh tonnes, against the previous best of 48.79 lakh tonnes achieved in 2009-10, company sources said.
The company's refinery has produced 16.87 lakh tonnes of alumina hydrate, which is an all-time high, against the previous best of 15.92 lakh tonnes achieved in 2009-10.
However, during the year, the metal production of the company slumped from 4.44 lakh tonnes to 4.13 lakh tonnes.
"Besides coal shortage, the dwindling LME prices of metal, forced the company to cut down its production of metal to some extent. It was not commercially viable to produce more metal using expensive imported coal,? NALCO's CMD B L Bagra said.
However, Bagra said, the smelter has achieved a capacity utilisation of 90 per cent since remaining of pots are under shut down since September 2011, due to coal constraint.
The net power generation by company?s captive power plant was 6,200 million units, he added. On the sales front, during the fiscal, NALCO has recorded 415,916 tonnes of cast metal sale, against 438,952 tonnes in the previous year.
Moreover, during the year, the company achieved the alumina hydrate sale of 842,396 tonnes, against 681,917 tonnes in 2010-11, he said.
Bagra also pointed out that the aluminium export by the company stood at 98,399 tonnes this year, against 98,200 tonnes achieved in the last financial year.
The smelter plant of the company started production of Chequered Sheet, a new variety of rolled products and it was sold in the domestic market for the first time in 2011-12 fiscal, he said.