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Anil Mukim has unveiled its plan to set up an Alloy Wire Rod manufacturing facility in NALCO

Bhubaneswar:9/8/18:  National Aluminium Company Limited (NALCO) has unveiled its plan to set up an Alloy Wire Rod manufacturing facility at its existing Smelter Plant at Angul.

Anil Mukim, Union Mines Secretary on Thursday formally laid the foundation stone through video conferencing for the proposed Alloy Wire Rod manufacturing facility at a function in presence of NACO CMD Dr. Tapan Kumar Chand here.

The upcoming Alloy Wire Rod manufacturing facility to be set up at a cost of about Rs.131 crores and will have an installed capacity of 40000 TPY (Alloy Grade) /60000 TPY (EC Grade).

Congratulating NALCO collective for its stupendous performance of the company in the first quarter, Mukim, said NALCO has become the pride of India in non-ferrous sector and the cost focus of management has made NALCO recognised as the lowest cost producer of alumina in the world.

He also added that, he is quite impressed with the result orientation and value creation by NALCO management.

NACO has clocked a profit after tax (PAT) of Rs 687 crore in the first quarter, registering a growth of 167 % over Rs.257 crore in Q4 of previous year. As compared to the corresponding quarter of last year, the growth in net profit has jumped by a whopping 433 %, from Rs.129 crore to Rs.687 crore.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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