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Our Bureau

Visakhapatnam, March 31

The National Aluminium Company Ltd (Nalco) has fixed a gross sales target of Rs 5,000 crore and gross margin of Rs 2,200 crore for 2006-2007, projecting more than 100 per cent capacity utilisation of mines, refinery and smelter plant.

The target was fixed and inked as a memorandum of understanding on Thursday between the Mines Secretary, Mr A.K.D. Jadhav, and the Nalco Chairman and Managing Director, Mr C.R. Pradhan. In the MoU, the company also projected higher financial commitment of Rs 500 crore to ensure completion of the ongoing expansion projects, according to the press release.

Related Stories:
Aluminium seen rising this week
Nalco net up 28 pc, declares 20 pc interim
NALCO plans expansion

More Stories on : Outlook | Aluminium | National Aluminium Co. Ltd

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