Nalco's revenue pegged at Rs 8,100 crore in FY18

State-run aluminium major National Aluminium Company Ltd (Nalco) has signed a memorandum of understanding (MoU) with the Union ministry of mines, setting higher targets in production, productivity, turnover and Capex for 2017-18.

According to the pact, the target for revenue from operations has been fixed at Rs 8,100 crore (net of excise) which is Rs 700 crore more than the previous year.

Nalco has also set 100 per cent targets for production of both bauxite and alumina i.e 6.825 million tonnes and 2.1 million tonnes respectively.

Aluminium production target of Nalco is set at 0.44 million tonnes for 2017-18.

The MoU was signed between