Nalco plans new business model to rake in Rs 9.35 bn of net profit in 3 yrs

Nalco is adding the fifth stream to its existing alumina refinery at Damanjodi (Odisha) at a cost of Rs 5.54 bn, an initiative set to boost the company's net profit by Rs 2.75 bn

National Aluminium Company (Nalco) aims to come up with a new business model that promises to bolster its net profit by Rs 9.35 billion after three years.

The additional net profit would be driven by an array of initiatives planned by Nalco from downstream to upstream and backward integration businesses.

Nalco’s chairman & managing director T K Chand said, “We are introducing a game-changing business model that will bring additional Rs 9.35 billion net profit to the company. The model provides for focusing operations of Utkal-D (coal block) at the end of second quarter of 2019, commissioning of one million