NALCO Targets Rs 25,000-Cr Turnover By 2020

Aiming to become an important global player in metal and energy sectors, aluminium major NALCO was targetting a turnover of Rs 25,000 crore by 2020 with ambitious diversification and expansion plans involving an investment of Rs 40,000 crore.

"As per its Vision 2020, NALCO envisages to achieve a turnover of Rs 25,000 crore by year 2020. The company's business plan envisages an investment of about Rs 40,000 crore," NALCO CMD B L Bagra told reporters here.

In order to achieve the growth objectives, the Navaratna PSU has put in place a well framed strategy that would help it secure the "position as a reputed global company in the metals and energy sectors," he said.

Announcing a total dividend payout of Rs 257.72 crore for 2010-11, Bagra said the sum was 60 per cent higher than Rs 161.08 crore paid for the previous fiscal.

From: http://ping.fm/pWTlJ