Home » Aluminium » Aluminium Consumption in India to triple by 2030:Dr.Chand in Mumbai Road Show

Aluminium Consumption in India to triple by 2030:Dr.Chand in Mumbai Road Show

 Aiming to increase its foothold in the Aluminium industry, NALCO, organized a Meet of customers and vendors in the Western region in Mumbai.

Addressing the large gathering in the financial capital, Dr. Tapan Kumar Chand, CMD, NALCO, said, ‘’Consumption of Aluminium in India will see a quantum jump by 2030 and the country has to enhance its production to meet the demand. ‘’ The Meet with customers and vendors of western region is one among a series of meets planned across the country. Dr. Chand thanked the loyal base of customers and vendors for standing by NALCO through thick and thin and said that India will have more than double of the existing Aluminium consumption per person per year by 2030. ‘’Loyalty of NALCO’s Customers and suppliers is one of the drivers of our success,’’ said Dr. Chand. It may be noted NALCO has registered one of its strongest performances in 2017-18, clocking more than 100% growth i.e., Rs. 1342.19 crore against Rs. 669 crore in previous year.

Appraising the gathering about NALCO’s roadmap, Dr. Chand added, ‘’NALCO shall be adopting the latest technology for its upcoming Smelter plant which will result in more than two fold increase in productivity. Our new business model and upcoming projects like expansion of Alumina Refinery at Damanjodi, brownfield expansion of Smelter, caustic soda plant at Gujarat etc, will help the Company’s growth momentum.’’

Dr. Chand also provided an overview about the global Aluminium sector and stressed that the internals of NALCO are strong enough to withstand fluctuations in the business environment. Dr. Chand said that the smart cities coming up in the country will be green cities and Aluminium will be in high demand in future. Also, concepts like high speed trains will use large amount of Aluminium.

Dr. T.K.Chand was also felicitated by the customers and vendors during the Meet.

Amongst others, Shri. P.K.Mishra, Director (Commercial) addressed the Meet while Shri.S. Samantray, ED (Marketing) welcomed the delegates.

About Indianindustry Media

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Exports from the Manufacturing Sector

Major commodity-group wise data on merchandise exports in last five years is at Annexure. The Government ...

E – ADVERTISING : GAINING MOMENTUM

 The online shopping market in India has tremendous potential because of growing numbers of consumers. ...

NALCO to invest Rs.30,000 crores for expansion and business diversification: Union Mines Minister Shri Pralhad Joshi

It is indeed commendable that NALCO, which started with a modest investment way back in ...

NALCO registers net profit of Rs.107crore in 2ndQtr of FY21

Despite the challenging business environment, National Aluminium Company Limited (NALCO) registered a net profit ofRs. ...

Department of Commerce has Provided a number of Relaxations / Extensions of various Compliance Deadlines etc. to address Corona Pandemic Related Hardships of Exporters

In order to give relief to businesses and affected individuals amidst the stress caused by ...

34 lakh transactions effected through POSB and 6.5 lakh transactions through IPPB till date during lockdown period

 During the lockdown period as on 31.03.2020, 34 lakh transactions were effected through POSB (Post ...

NALCO clocks all time high production of bauxite and alumina amidst corona crisis

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India ...

Quick estimates of Index of Industrial Production and use-based Index for the month of January, 2020 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month ...

India’s Foreign Trade: December 2019

India’s overall exports (Merchandise and Services combined) in April-December2019-20* are estimated to be USD 397.48 ...

Trade with BRICS Nations

The percentage share of Intra BRICS trade to its global trade is 10.61% (2017). The ...

WP2Social Auto Publish Powered By : XYZScripts.com