NALCO's New Business Plan
Aluminium major NALCO has drawn up a new business plan aiming to raise its profit during 2018-19, a company statement said.
Disclosing this during a visit to the Navaratna CPSE's mines and refinery complex at Damanjodi on Monday, NALCO CMD Tapan Kumar Chand said the new business plan is acronymed 'NALCO:3-4-5', a company statement said.
The plan envisages increasing NALCO's 3-digit profit figure to four digits and four-digit turnover to five digits.
NALCO has already achieved the four-digit profit figure at Rs 1342 crore in 2017-18 and is likely to achieve more than Rs 1600 crore in 2018-19. The objective is to further increase and sustain the profit at the four-digit level, Chand said.
The company's net turnover is expected to be in five digit for the first time in 2018-19, he said adding it will be more than Rs 12,000 crore.
Under this plan NALCO will turn into a hardcore business organisation with complete focus on business excellence, he said.
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