Nalco bags award for excellence
in export

BHUBANESWAR: Public sector National Aluminium Company Ltd (Nalco) has bagged the prestigious Niryat Shree award for 2000-01 and 2001-02 for excellence in export.

Instituted by the Federation of Indian Export Organisations (FIEO), the award was received by the chairman- cum-managing director of the company C Venkatramana from Vice-President Bhairon Singh Sekhawat at New Delhi on Friday, a Nalco release said on Saturday.

Nalco exported 4,95,723 tonnes of alumina during 2000-01 earning foreign exchange of Rs 457.02 crore which represented a 15.3 per cent growth over the previous year.

During 2001-02, the company exported 6,70,120 tonnes of alumina with a forex earning of Rs 511.72 crore, recording a 11.9 per cent growth over the previous year, it said.

In aluminium products, Nalco achieved export earning of Rs 857.18 crore by exporting 1,18,868 tonnes in 2000-01 and Rs 708.97 crore forex earning through export of 1,06,282 tonnes during 2001-02.

The release said Nalco had further improved its export performance during 2002-03 by posting a total export income of Rs 1,515 crore against record sales turnover of Rs 2,734.32 crore. Nalco's alumina refinery at Damanjodi in Koraput district is now the ninth largest plant in the world, it said.

PTI[ SATURDAY, AUGUST 02, 2003 03:52:25 PM ]